Sun Life Financial INC increased its stake in Procter & Gamble Co (NYSE:PG) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,476 shares of the company’s stock after acquiring an additional 1,774 shares during the period. Sun Life Financial INC’s holdings in Procter & Gamble were worth $2,045,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. boosted its holdings in Procter & Gamble by 3.6% during the second quarter. Lee Danner & Bass Inc. now owns 144,285 shares of the company’s stock worth $12,574,000 after buying an additional 5,074 shares in the last quarter. Bessemer Group Inc. boosted its stake in Procter & Gamble by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 125,503 shares of the company’s stock worth $10,938,000 after purchasing an additional 761 shares during the period. Telos Capital Management Inc. boosted its stake in Procter & Gamble by 2.7% in the 2nd quarter. Telos Capital Management Inc. now owns 30,867 shares of the company’s stock worth $2,690,000 after purchasing an additional 810 shares during the period. Weatherly Asset Management L. P. boosted its stake in Procter & Gamble by 11.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 37,311 shares of the company’s stock worth $3,252,000 after purchasing an additional 3,707 shares during the period. Finally, Grove Bank & Trust boosted its stake in Procter & Gamble by 56.2% in the 2nd quarter. Grove Bank & Trust now owns 25,646 shares of the company’s stock worth $2,235,000 after purchasing an additional 9,231 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.
A number of equities analysts recently commented on PG shares. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, January 16th. Deutsche Bank started coverage on shares of Procter & Gamble in a research note on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and issued a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a research note on Thursday, November 16th. Morgan Stanley decreased their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued 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, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.11.
Shares of Procter & Gamble Co (PG) opened at $81.34 on Wednesday. Procter & Gamble Co has a 12-month low of $78.59 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $205,060.00, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. equities analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a $0.6896 dividend. The ex-dividend date was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.39%. Procter & Gamble’s payout ratio is 74.59%.
In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $82.09, for a total value of $739,220.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen B. Fish sold 10,192 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total transaction of $886,398.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,928 shares of company stock valued at $6,312,311. Insiders own 0.35% of the company’s stock.
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Procter & Gamble 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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