Candriam Luxembourg S.C.A. increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952,251 shares of the company’s stock after buying an additional 53,986 shares during the period. Procter & Gamble comprises approximately 1.3% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its 12th largest position. Candriam Luxembourg S.C.A.’s holdings in Procter & Gamble were worth $119,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Lucia Wealth Services LLC bought a new stake in Procter & Gamble during the third quarter valued at $29,000. Belmont Capital LLC acquired a new stake in Procter & Gamble during the 4th quarter worth about $34,000. Selective Wealth Management Inc. acquired a new stake in Procter & Gamble during the 3rd quarter worth about $35,000. Princeton Global Asset Management LLC raised its position in shares of Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after acquiring an additional 150 shares in the last quarter. Finally, Ironwood Financial llc raised its position in shares of Procter & Gamble by 27.3% in the 3rd quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 62.83% of the company’s stock.
In other news, Director Nelson Peltz sold 936,280 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the transaction, the director now directly owns 3,844 shares of the company’s stock, valued at $476,156.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Taylor sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total value of $6,200,500.00. Following the completion of the transaction, the chief executive officer now owns 277,521 shares in the company, valued at $34,415,379.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,247,348 shares of company stock worth $154,656,137. Corporate insiders own 1.75% of the company’s stock.
PG stock opened at $126.09 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The company’s 50-day moving average is $124.72 and its 200-day moving average is $120.88. The stock has a market capitalization of $315.24 billion, a PE ratio of 84.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.40. Procter & Gamble Co has a 1 year low of $89.08 and a 1 year high of $127.00.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the company posted $1.12 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $0.7459 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is currently 65.93%.
Several equities research analysts recently commented on the company. Wells Fargo & Co upped their target price on Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, Goldman Sachs Group restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $120.38.
Procter & Gamble Profile
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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