Roffman Miller Associates Inc. PA lifted its position in shares of Procter & Gamble Co (NYSE:PG) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 21,116 shares of the company’s stock after purchasing an additional 1,297 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Procter & Gamble were worth $2,637,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Phocas Financial Corp. grew its holdings in Procter & Gamble by 999,937.0% during the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $779,000 after purchasing an additional 71,055,523 shares in the last quarter. Johanson Financial Advisors Inc. increased its stake in Procter & Gamble by 12,360.9% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,598,715 shares of the company’s stock worth $20,807,000 after buying an additional 2,577,860 shares during the period. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.5% in the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares in the last quarter. State Street Corp lifted its holdings in Procter & Gamble by 1.4% in the 3rd quarter. State Street Corp now owns 118,454,191 shares of the company’s stock worth $14,733,332,000 after buying an additional 1,585,813 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Procter & Gamble by 158.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,919,565 shares of the company’s stock worth $239,754,000 after buying an additional 1,177,862 shares in the last quarter. 62.83% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. Wells Fargo & Co raised their target price on Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Macquarie boosted their price target on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $119.00 price target on shares of Procter & Gamble in a research note on Friday. Morgan Stanley reissued a “buy” rating and issued a $134.00 price target on shares of Procter & Gamble in a report on Friday. Finally, Goldman Sachs Group restated a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $124.86.
In related news, CEO David S. Taylor sold 50,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the sale, the chief executive officer now owns 277,521 shares in the company, valued at $34,415,379.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nelson Peltz sold 936,280 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,844 shares in the company, valued at approximately $476,156.28. The disclosure for this sale can be found here. Insiders sold a total of 1,247,348 shares of company stock valued at $154,656,137 over the last quarter. Company insiders own 1.75% of the company’s stock.
Shares of PG stock opened at $125.14 on Friday. The stock has a market capitalization of $311.70 billion, a price-to-earnings ratio of 74.05, a PEG ratio of 3.38 and a beta of 0.40. Procter & Gamble Co has a one year low of $92.97 and a one year high of $127.00. The company’s 50-day simple moving average is $124.81 and its 200-day simple moving average is $121.06. 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 announced its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.05. Procter & Gamble had a return on equity of 26.57% and a net margin of 6.92%. The firm had revenue of $18.24 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Procter & Gamble’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that Procter & Gamble Co will post 4.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s payout ratio is 65.93%.
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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