Krueger & Catalano Capital Partners LLC trimmed its position in Procter & Gamble Co (NYSE:PG) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,516 shares of the company’s stock after selling 118 shares during the period. Krueger & Catalano Capital Partners LLC’s holdings in Procter & Gamble were worth $1,813,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Sciencast Management LP purchased a new stake in Procter & Gamble in the third quarter valued at approximately $2,539,000. MidWestOne Financial Group Inc. bought a new position in shares of Procter & Gamble in the 2nd quarter worth $2,359,000. Clean Yield Group increased its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. Clean Yield Group now owns 51,591 shares of the company’s stock worth $6,417,000 after buying an additional 180 shares during the last quarter. Somerset Trust Co raised its position in shares of Procter & Gamble by 1.8% during the 3rd quarter. Somerset Trust Co now owns 15,711 shares of the company’s stock valued at $1,954,000 after buying an additional 277 shares in the last quarter. Finally, Valmark Advisers Inc. raised its position in shares of Procter & Gamble by 1.2% during the 3rd quarter. Valmark Advisers Inc. now owns 38,836 shares of the company’s stock valued at $4,830,000 after buying an additional 467 shares in the last quarter. Institutional investors own 62.83% of the company’s stock.
Several research analysts recently issued reports on the stock. Macquarie upped their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Co raised their price target on 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 restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research report on Wednesday, October 23rd. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price objective on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One equities 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 company. The company currently has an average rating of “Hold” and an average target price of $120.38.
PG stock opened at $126.09 on Wednesday. The firm has a market cap of $315.24 billion, a P/E ratio of 84.06, a P/E/G ratio of 3.42 and a beta of 0.40. The firm’s fifty day moving average is $124.72 and its 200 day moving average is $120.88. Procter & Gamble Co has a 52 week low of $89.08 and a 52 week high of $127.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the 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 business had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts forecast that Procter & Gamble Co will post 4.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 65.93%.
In related news, CEO David S. Taylor sold 50,000 shares of Procter & Gamble stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total value of $6,200,500.00. Following the transaction, the chief executive officer now directly owns 277,521 shares of the company’s stock, valued at $34,415,379.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 26,297 shares of Procter & Gamble stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $124.07, for a total transaction of $3,262,668.79. Following the completion of the transaction, the vice president now directly owns 51,694 shares in the company, valued at $6,413,674.58. 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. Company insiders own 1.75% of the company’s stock.
Procter & Gamble Company 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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