Diversified Portfolios Inc. lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,584 shares of the company’s stock after buying an additional 2,899 shares during the period. Procter & Gamble comprises approximately 0.5% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 21st biggest position. Diversified Portfolios Inc.’s holdings in Procter & Gamble were worth $872,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. RB Capital Management LLC increased its holdings in Procter & Gamble by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares during the period. Investment Partners Ltd. OH ADV increased its holdings in Procter & Gamble by 3.6% in the first quarter. Investment Partners Ltd. OH ADV now owns 15,802 shares of the company’s stock valued at $1,420,000 after purchasing an additional 545 shares during the period. Thomaspartners Inc. increased its holdings in Procter & Gamble by 9.9% in the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after purchasing an additional 224,714 shares during the period. Karp Capital Management Corp acquired a new stake in Procter & Gamble in the first quarter valued at $126,275,000. Finally, Jaffetilchin Investment Partners LLC increased its holdings in Procter & Gamble by 18.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,619 shares of the company’s stock valued at $415,000 after purchasing an additional 703 shares during the period. Institutional investors own 59.56% of the company’s stock.
In related news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 in the last three months. Insiders own 0.35% of the company’s stock.
PG has been the subject of a number of recent research reports. Jefferies Group restated a “buy” rating and issued a $104.00 price objective (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Deutsche Bank initiated coverage on Procter & Gamble in a report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective for the company. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Finally, Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective for the company. in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Hold” and an average price target of $89.31.
Shares of Procter & Gamble Co (PG) opened at $89.61 on Friday. The firm has a market capitalization of $227,340.00, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Co has a 1-year low of $83.37 and a 1-year high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. sell-side analysts predict that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.08%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.
About Procter & Gamble
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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