Raymond James Trust N.A. lessened its holdings in Procter & Gamble Co (NYSE:PG) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 195,270 shares of the company’s stock after selling 15,893 shares during the period. Procter & Gamble accounts for approximately 1.2% of Raymond James Trust N.A.’s holdings, making the stock its 13th biggest position. Raymond James Trust N.A.’s holdings in Procter & Gamble were worth $24,389,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. AMI Asset Management Corp boosted its position in shares of Procter & Gamble by 0.7% during the 3rd quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock valued at $1,671,000 after acquiring an additional 87 shares during the last quarter. Centric Wealth Management increased its position in Procter & Gamble by 0.9% in the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock worth $1,295,000 after purchasing an additional 91 shares during the last quarter. First Mercantile Trust Co. increased its position in Procter & Gamble by 1.5% in the third quarter. First Mercantile Trust Co. now owns 6,164 shares of the company’s stock worth $767,000 after purchasing an additional 92 shares during the last quarter. Winthrop Advisory Group LLC raised its stake in Procter & Gamble by 0.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 10,963 shares of the company’s stock valued at $1,369,000 after purchasing an additional 98 shares in the last quarter. Finally, Planning Solutions Group LLC raised its stake in Procter & Gamble by 0.8% during the second quarter. Planning Solutions Group LLC now owns 12,121 shares of the company’s stock valued at $1,329,000 after purchasing an additional 100 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.
PG has been the subject of a number of recent research reports. Macquarie lifted their price objective on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group boosted their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Co upped their target price on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $136.00 price target on shares of Procter & Gamble in a report on Wednesday, October 23rd. Finally, TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $119.07.
In other Procter & Gamble news, CEO Steven D. Bishop sold 41,165 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the transaction, the chief executive officer now owns 45,176 shares of the company’s stock, valued at approximately $5,572,911.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 1,729 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $122.00, for a total value of $210,938.00. Following the completion of the sale, the chief executive officer now owns 6,856 shares in the company, valued at approximately $836,432. The disclosure for this sale can be found here. In the last three months, insiders sold 1,288,513 shares of company stock valued at $159,734,252. 1.75% of the stock is owned by insiders.
PG stock opened at $124.69 on Wednesday. Procter & Gamble Co has a twelve month low of $89.08 and a twelve month high of $126.60. The stock has a market capitalization of $309.16 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.36 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $124.13 and its two-hundred day simple moving average is $120.33.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same quarter last year, the business earned $1.12 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that Procter & Gamble Co will post 4.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
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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