Pictet & Cie Europe SA lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,883 shares of the company’s stock after selling 830 shares during the period. Procter & Gamble makes up approximately 1.7% of Pictet & Cie Europe SA’s investment portfolio, making the stock its 17th largest position. Pictet & Cie Europe SA’s holdings in Procter & Gamble were worth $11,999,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of PG. Fenimore Asset Management Inc. lifted its stake in Procter & Gamble by 21.4% during the second quarter. Fenimore Asset Management Inc. now owns 3,497 shares of the company’s stock worth $305,000 after purchasing an additional 617 shares during the last quarter. Gemmer Asset Management LLC lifted its stake in Procter & Gamble by 82.1% during the second quarter. Gemmer Asset Management LLC now owns 9,835 shares of the company’s stock worth $857,000 after purchasing an additional 4,434 shares during the last quarter. Buffington Mohr McNeal lifted its stake in Procter & Gamble by 183.5% during the second quarter. Buffington Mohr McNeal now owns 7,030 shares of the company’s stock worth $613,000 after purchasing an additional 4,550 shares during the last quarter. Woodstock Corp increased its holdings in shares of Procter & Gamble by 0.4% during the second quarter. Woodstock Corp now owns 110,139 shares of the company’s stock worth $9,599,000 after buying an additional 390 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. increased its holdings in shares of Procter & Gamble by 2.4% during the second quarter. Financial & Investment Management Group Ltd. now owns 9,228 shares of the company’s stock worth $804,000 after buying an additional 212 shares in the last quarter. Institutional investors own 59.85% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) traded up $1.46 during trading on Monday, reaching $81.38. The company’s stock had a trading volume of 7,671,861 shares, compared to its average volume of 10,416,567. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. Procter & Gamble Co has a 52-week low of $78.59 and a 52-week high of $94.67. The firm has a market cap of $206,640.00, a P/E ratio of 21.72, a P/E/G ratio of 2.49 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. analysts forecast that Procter & Gamble Co will post 4.2 earnings per share for the current fiscal 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 3.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.60%.
PG has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a report on Monday, October 23rd. Deutsche Bank initiated coverage on shares of Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price target for the company. Jefferies Group reiterated a “buy” rating and set a $88.23 price target (down from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $88.38.
In related news, insider Ioannis Skoufalos sold 2,880 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $88.75, for a total value of $255,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $115,664.78. Following the completion of the transaction, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders have sold a total of 70,681 shares of company stock worth $6,266,735 in the last three months. Insiders own 0.35% of the company’s stock.
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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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