Gardiner Nancy B lowered its position in Procter & Gamble Co (NYSE:PG) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,141 shares of the company’s stock after selling 180 shares during the period. Procter & Gamble accounts for approximately 3.4% of Gardiner Nancy B’s portfolio, making the stock its 3rd biggest holding. Gardiner Nancy B’s holdings in Procter & Gamble were worth $2,141,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lucia Wealth Services LLC acquired a new stake in Procter & Gamble during the third quarter worth about $29,000. Belmont Capital LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $34,000. Selective Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $35,000. Princeton Global Asset Management LLC grew its stake in shares of Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock valued at $48,000 after buying an additional 150 shares during the period. Finally, Ironwood Financial llc increased its holdings in shares of Procter & Gamble by 27.3% during the 3rd quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after buying an additional 103 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.
PG has been the topic of several analyst reports. Wells Fargo & Co lifted their price target on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group restated a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research report on Wednesday, October 23rd. Finally, Macquarie upped their price target on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.07.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. Research analysts forecast that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 65.93%.
In related news, Director Nelson Peltz sold 936,280 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $123.87, for a total value of $115,977,003.60. Following the completion of the transaction, the director now owns 3,844 shares in the company, valued at $476,156.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Taylor sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the sale, the chief executive officer now directly owns 277,521 shares in the company, valued at $34,415,379.21. The disclosure for this sale can be found here. Insiders sold a total of 1,288,513 shares of company stock worth $159,734,252 in the last quarter. Company insiders own 1.75% of the company’s stock.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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