Aviance Capital Partners LLC decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 39.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,765 shares of the company’s stock after selling 21,982 shares during the period. Procter & Gamble makes up about 1.0% of Aviance Capital Partners LLC’s holdings, making the stock its 14th biggest position. Aviance Capital Partners LLC’s holdings in Procter & Gamble were worth $3,072,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after acquiring an additional 5,278,359 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after acquiring an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Procter & Gamble by 30.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock worth $553,334,000 after acquiring an additional 1,487,095 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.
In other Procter & Gamble news, insider Ioannis Skoufalos sold 2,880 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,681 shares of company stock worth $6,266,735. Corporate insiders own 0.35% of the company’s stock.
Several equities research analysts have recently commented on the company. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target on the stock in a research note on Thursday, February 1st. Morgan Stanley boosted their price target on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus upped their target price on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $88.38.
Shares of Procter & Gamble Co (PG) opened at $79.92 on Monday. Procter & Gamble Co has a 52 week low of $78.59 and a 52 week high of $94.67. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $202,750.00, a P/E ratio of 21.31, a P/E/G ratio of 2.49 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same quarter in the prior year, the company earned $1.08 EPS. Procter & Gamble’s revenue was up 3.2% on a year-over-year basis. equities analysts forecast that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 73.60%.
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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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