G&S Capital LLC cut its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,370 shares of the company’s stock after selling 998 shares during the period. Procter & Gamble comprises about 2.4% of G&S Capital LLC’s holdings, making the stock its 7th largest position. G&S Capital LLC’s holdings in Procter & Gamble were worth $4,488,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. its holdings in shares of Procter & Gamble grew by 1.2% during the fourth quarter. BlackRock Inc. Now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after purchasing an additional 1,785,863 shares during the last quarter. State Street Corp grew its holdings in shares of Procter & Gamble by 1.7% during the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after purchasing an additional 1,716,517 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after purchasing an additional 972,826 shares during the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $3,726,603,000. Finally, Charles Schwab Investment Management Inc. its holdings in shares of Procter & Gamble grew by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. Now owns 15,710,055 shares of the company’s stock worth $2,569,850,000 after purchasing an additional 293,092 shares during the last quarter. Institutional investors own 63.64% of the company’s stock.
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 334 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the transaction, the chairman now directly owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock valued at $17,777,055 over the last 90 days. Insiders own 0.51% of the company’s stock.
Several brokerages have issued reports on PG. JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and dropped their objective price for the stock from $181.00 to $165.00 in a report on Wednesday, March 30th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Trust Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and their price target for the stock from $165.00 to $175.00 in a report on Tuesday, March 22nd. Wells Fargo & Company lowered their price target on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, June 1st. Finally, Raymond James raised their price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.64.
PG stock opened at $143.25 on Tuesday. The firm has a 50 day moving average of $148.79 and a 200-day moving average of $154.26. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The company has a market cap of $343.70 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 4.08 and a beta of 0.40.
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The firm had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a dividend of $0.9133 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s payout ratio is currently 63.70%.
About Procter & Gamble (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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