Viking Fund Management LLC grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 16.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,000 shares of the company’s stock after buying an additional 11,000 shares during the period. Procter & Gamble accounts for approximately 1.1% of Viking Fund Management LLC’s holdings, making the stock its 29th biggest position. Viking Fund Management LLC’s holdings in Procter & Gamble were worth $6,914,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Asset Planning Services Ltd. increased its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the last quarter. Northwest Wealth Management LLC increased its position in shares of Procter & Gamble by 0.3% during the 2nd quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after purchasing an additional 8 shares during the last quarter. Winfield Associates Inc. increased its position in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares during the last quarter. Cascade Investment Advisors Inc. increased its holdings in Procter & Gamble by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after acquiring an additional 17 shares in the last quarter. Finally, RB Capital Management LLC increased its holdings in Procter & Gamble by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.
Procter & Gamble Co (NYSE PG) traded down $0.54 during mid-day trading on Friday, reaching $89.61. The company’s stock had a trading volume of 8,107,288 shares, compared to its average volume of 6,500,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Co has a twelve month low of $83.37 and a twelve month high of $94.67. The stock has a market capitalization of $227,340.00, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. equities research analysts forecast that Procter & Gamble Co will post 4.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.08%. Procter & Gamble’s dividend payout ratio is currently 73.80%.
Several equities research analysts recently issued reports on PG shares. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a report on Friday, September 15th. Bank of America increased their target price on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price objective (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $89.31.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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