BLB&B Advisors LLC Lowers Position in The Procter & Gamble Company (NYSE:PG)



BLB&B Advisors LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 110,943 shares of the company’s stock after selling 1,272 shares during the quarter. Procter & Gamble accounts for about 1.1% of BLB&B Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. BLB&B Advisors LLC’s holdings in Procter & Gamble were worth $16,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Poplar Forest Capital LLC boosted its stake in shares of Procter & Gamble by 0.3% in the fourth quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock valued at $4,173,000 after buying an additional 64 shares in the last quarter. Apeiron RIA LLC raised its holdings in Procter & Gamble by 2.2% during the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock worth $475,000 after purchasing an additional 64 during the last quarter. Ambassador Advisors LLC raised its holdings in Procter & Gamble by 2.2% during the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after purchasing an additional 65 during the last quarter. Kovack Advisors Inc. its raised holdings in Procter & Gamble by 0.3% during the fourth quarter. Kovack Advisors Inc. Now owns 19,098 shares of the company’s stock worth $3,124,000 after purchasing an additional 66 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Procter & Gamble by 2.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock worth $452,000 after purchasing an additional 66 during the last quarter. Institutional investors and hedge funds own 63.64% of the company’s stock.

In other news, CAO Matthew W. Janzaruk sold 334 shares of the company’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 completion of the sale, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at $198,164.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $162.83, for a total value of $4,884,900.00. Following the completion of the sale, the chairman now directly owns 253,933 shares of the company’s stock, valued at approximately $41,347,910.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is owned by company insiders.

PG stock opened at $146.11 on Friday. The stock has a 50-day moving average price of $147.31 and a two-hundred day moving average price of $153.87. 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 $350.56 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 4.08 and a beta of 0.40.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is 63.70%.

Several equities analysts recently issued reports on the company. Credit Suisse Group lifted their objective price on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Raymond James boosted 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. Evercore ISI set a $170.00 price target on Procter & Gamble in a report on Monday, June 20th. Finally, Jefferies Financial Group boosted their price target on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.64.

Procter & Gamble Company Profile (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.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)



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