Linscomb & Williams Inc. raised its stake in Procter & Gamble (NYSE:PG) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,741 shares of the company’s stock after buying an additional 2,875 shares during the quarter. Linscomb & Williams Inc.’s holdings in Procter & Gamble were worth $5,213,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Cerebellum GP LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $122,000. 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. raised its holdings 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, James Investment Research Inc. raised its holdings in shares of Procter & Gamble by 400.0% in the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after purchasing an additional 1,200 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 3,252 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. Corporate insiders own 0.35% of the company’s stock.
A number of analysts have recently issued reports on the stock. SunTrust Banks reiterated a “hold” rating and issued a $75.00 price objective on shares of Procter & Gamble in a report on Friday. Bank of America reiterated a “neutral” rating and issued a $90.00 price objective on shares of Procter & Gamble in a report on Thursday. Morgan Stanley lowered their price objective on shares of Procter & Gamble from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays reiterated a “hold” rating on shares of Procter & Gamble in a report on Sunday. Finally, Stifel Nicolaus lowered their price objective on shares of Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a report on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $84.13.
Shares of PG opened at $73.80 on Monday. The firm has a market cap of $186,050.09, a P/E ratio of 18.83, a PEG ratio of 2.34 and a beta of 0.57. Procter & Gamble has a 1-year low of $73.74 and a 1-year high of $94.67. 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 (NYSE:PG) last issued its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. The business had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.82%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. analysts predict that Procter & Gamble will post 4.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.89%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s payout ratio is presently 73.21%.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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