Kidder Stephen W decreased its position in Procter & Gamble Co (NYSE:PG) by 8.1% during the 2nd quarter, Holdings Channel reports. The firm owned 88,274 shares of the company’s stock after selling 7,810 shares during the quarter. Procter & Gamble comprises about 2.6% of Kidder Stephen W’s holdings, making the stock its 14th biggest position. Kidder Stephen W’s holdings in Procter & Gamble were worth $6,891,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.9% during the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after acquiring an additional 2,961,408 shares during the last quarter. Yacktman Asset Management LP boosted its stake in Procter & Gamble by 1.4% in the 1st quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock worth $1,219,561,000 after buying an additional 219,593 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Procter & Gamble by 8.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock worth $1,105,148,000 after buying an additional 1,089,316 shares during the last quarter. American Century Companies Inc. boosted its stake in Procter & Gamble by 17.9% in the 1st quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock worth $1,103,790,000 after buying an additional 2,115,777 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after buying an additional 4,315,180 shares during the last quarter. 58.36% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co reissued a “hold” rating and issued a $78.00 price target on shares of Procter & Gamble in a research note on Thursday, August 16th. Bank of America raised their price target on Procter & Gamble from $82.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 4th. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Citigroup cut their price objective on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average price target of $84.53.
Procter & Gamble stock opened at $79.06 on Friday. The stock has a market capitalization of $209.82 billion, a PE ratio of 18.73, a PEG ratio of 2.68 and a beta of 0.59. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.51.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. On average, equities analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be issued a $0.7172 dividend. The ex-dividend date is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.63%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.
In related news, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total transaction of $2,170,500.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Juan Fernando Posada sold 9,600 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $81.79, for a total value of $785,184.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,186 shares of company stock worth $12,080,849. Company insiders own 1.84% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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