Farr Miller & Washington LLC DC reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 420,920 shares of the company’s stock after selling 3,819 shares during the quarter. Procter & Gamble accounts for approximately 3.7% of Farr Miller & Washington LLC DC’s portfolio, making the stock its 4th largest holding. Farr Miller & Washington LLC DC’s holdings in Procter & Gamble were worth $38,295,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of PG. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble by 0.4% in the second 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. Harding Loevner LP acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $125,000. Blume Capital Management Inc. grew its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $173,000. Institutional investors own 59.85% of the company’s stock.
Procter & Gamble Co (NYSE:PG) opened at $82.60 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $208,230.00, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.57 and a beta of 0.51. Procter & Gamble Co has a one year low of $78.59 and a one year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share 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 the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. Procter & Gamble’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. equities analysts expect that Procter & Gamble Co will post 4.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 74.59%.
Several research firms have recently commented on PG. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a research report on Monday, October 23rd. Jefferies Group reiterated a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a research report on Monday, December 18th. SunTrust Banks reissued a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a research note on Sunday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.38.
In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Juan Fernando Posada sold 9,005 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $82.09, for a total transaction of $739,220.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,806 shares of company stock worth $6,750,355. 0.35% of the stock is currently owned by insiders.
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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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