Madison Investment Holdings Inc. lowered its stake in Procter & Gamble (NYSE:PG) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,058 shares of the company’s stock after selling 12,729 shares during the quarter. Madison Investment Holdings Inc.’s holdings in Procter & Gamble were worth $18,473,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Dedication LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $1,164,000. Moller Financial Services lifted its position in shares of Procter & Gamble by 31.3% during the fourth quarter. Moller Financial Services now owns 11,887 shares of the company’s stock worth $1,092,000 after purchasing an additional 2,837 shares in the last quarter. Spectrum Management Group Inc. lifted its position in shares of Procter & Gamble by 221.4% during the third quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock worth $2,980,000 after purchasing an additional 22,565 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Procter & Gamble by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 9,149,634 shares of the company’s stock worth $840,668,000 after purchasing an additional 269,402 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its position in shares of Procter & Gamble by 6.5% during the third quarter. Sowell Financial Services LLC now owns 22,054 shares of the company’s stock worth $1,916,000 after purchasing an additional 1,340 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.
Shares of Procter & Gamble stock opened at $74.31 on Friday. The company has a market capitalization of $185.97 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.39 and a beta of 0.58. Procter & Gamble has a 52 week low of $70.73 and a 52 week high of $94.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. analysts anticipate that Procter & Gamble will post 4.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were paid a $0.7172 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.86%. The ex-dividend date was Thursday, April 19th. Procter & Gamble’s dividend payout ratio is currently 73.21%.
Several brokerages have recently issued reports on PG. SunTrust Banks reissued a “hold” rating and set a $75.00 price target on shares of Procter & Gamble in a research report on Friday, April 20th. Jefferies Group restated a “buy” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Thursday, April 19th. Stifel Nicolaus cut their target price on shares of Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a research note on Wednesday, April 18th. Barclays restated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble in a research note on Sunday, April 22nd. Finally, ValuEngine lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.85.
In other Procter & Gamble news, insider Jeffrey K. Schomburger sold 37,776 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $81.37, for a total value of $3,073,833.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steven D. Bishop sold 2,075 shares of the 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 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 quarter. 0.35% of the stock is currently owned by insiders.
Procter & Gamble Company 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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