AlphaStar Capital Management LLC bought a new stake in Procter & Gamble (NYSE:PG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,106 shares of the company’s stock, valued at approximately $469,000.
A number of other large investors have also recently modified their holdings of PG. State of Tennessee Treasury Department lifted its position in Procter & Gamble by 23.5% during the fourth quarter. State of Tennessee Treasury Department now owns 2,301,893 shares of the company’s stock worth $211,498,000 after acquiring an additional 437,683 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Procter & Gamble by 1.0% during the fourth quarter. First Republic Investment Management Inc. now owns 1,867,909 shares of the company’s stock worth $171,623,000 after acquiring an additional 18,082 shares during the last quarter. Stordahl Capital Management Inc. acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $445,000. Mission Wealth Management LP lifted its position in Procter & Gamble by 11.1% during the fourth quarter. Mission Wealth Management LP now owns 28,308 shares of the company’s stock worth $2,601,000 after acquiring an additional 2,824 shares during the last quarter. Finally, Alexandria Capital LLC lifted its position in Procter & Gamble by 93.9% during the fourth quarter. Alexandria Capital LLC now owns 14,700 shares of the company’s stock worth $1,351,000 after acquiring an additional 7,119 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.
PG has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a research report on Thursday, February 1st. Finally, Berenberg Bank initiated 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus target price of $82.85.
Shares of Procter & Gamble opened at $73.77 on Friday, according to MarketBeat Ratings. Procter & Gamble has a 12 month low of $70.73 and a 12 month high of $94.67. The company has a market cap of $186.63 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.
Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The company had revenue of $16.28 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts predict that Procter & Gamble will post 4.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th were issued a dividend of $0.7172 per share. The ex-dividend date was Thursday, April 19th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a dividend yield of 3.89%. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.21%.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven D. Bishop sold 2,075 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $71.87, for a total transaction of $149,130.25. Following the completion of the transaction, the insider now directly owns 42,524 shares in the company, valued at $3,056,199.88. The disclosure for this sale can be found here. Insiders sold 45,456 shares of company stock worth $3,663,460 over the last three months. 0.35% of the stock is currently owned by insiders.
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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