Nvwm LLC reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 639 shares of the company’s stock after selling 322 shares during the quarter. Nvwm LLC’s holdings in Procter & Gamble were worth $59,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in PG. Bath Savings Trust Co raised its stake in shares of Procter & Gamble by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after buying an additional 110 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 0.7% during the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock worth $1,516,000 after buying an additional 115 shares in the last quarter. Meritage Portfolio Management raised its stake in shares of Procter & Gamble by 2.6% during the 4th quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock worth $428,000 after buying an additional 116 shares in the last quarter. V Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 1.2% during the 4th quarter. V Wealth Advisors LLC now owns 10,795 shares of the company’s stock worth $993,000 after buying an additional 123 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its stake in shares of Procter & Gamble by 0.4% during the 4th quarter. Patten & Patten Inc. TN now owns 28,490 shares of the company’s stock worth $2,619,000 after buying an additional 124 shares in the last quarter. 61.91% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on PG. Macquarie set a $110.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Tuesday, February 26th. DZ Bank restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, May 10th. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $111.00 target price on shares of Procter & Gamble in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $101.42.
In other Procter & Gamble news, insider R. Alexandra Keith sold 3,027 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 3,224 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $317,789.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,091 shares of company stock worth $34,520,247. 1.84% of the stock is owned by corporate insiders.
PG stock traded down $0.27 during midday trading on Wednesday, reaching $104.19. The company had a trading volume of 5,735,527 shares, compared to its average volume of 5,903,491. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a fifty-two week low of $72.80 and a fifty-two week high of $108.68. The company has a market cap of $268.97 billion, a P/E ratio of 24.69, a PEG ratio of 3.44 and a beta of 0.39.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The company had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. Procter & Gamble’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Analysts expect that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $0.7459 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.86%. Procter & Gamble’s payout ratio is presently 70.62%.
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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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