Wendell David Associates Inc. decreased its holdings in Procter & Gamble Co (NYSE:PG) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,142 shares of the company’s stock after selling 5,866 shares during the period. Procter & Gamble makes up approximately 1.7% of Wendell David Associates Inc.’s investment portfolio, making the stock its 19th largest position. Wendell David Associates Inc.’s holdings in Procter & Gamble were worth $9,936,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth $125,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth $173,000. Institutional investors own 60.95% of the company’s stock.
In other news, Vice Chairman Jon R. Moeller sold 3,252 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble stock traded up $0.08 during trading hours on Monday, hitting $79.05. 725,711 shares of the stock were exchanged, compared to its average volume of 10,017,975. Procter & Gamble Co has a 1-year low of $77.90 and a 1-year 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 $199,083.69, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.46 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating 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 business had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. equities research analysts forecast that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Procter & Gamble in a research report on Wednesday, February 28th. They set a “sell” rating and a $78.50 price objective for the company. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target for the company in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks reissued a “hold” rating and issued a $90.00 price target on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $87.18.
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Procter & Gamble Company 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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