Cookson Peirce & Co. Inc. Has $35.02 Million Stake in Procter & Gamble Co (NYSE:PG)

Cookson Peirce & Co. Inc. lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 280,397 shares of the company’s stock after selling 13,479 shares during the period. Procter & Gamble accounts for approximately 3.1% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 7th largest position. Cookson Peirce & Co. Inc.’s holdings in Procter & Gamble were worth $35,022,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. Acorn Financial Advisory Services Inc. ADV bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $1,133,000. Usca Ria LLC boosted its holdings in shares of Procter & Gamble by 2.1% during the fourth quarter. Usca Ria LLC now owns 51,628 shares of the company’s stock worth $6,448,000 after acquiring an additional 1,041 shares during the period. Arizona State Retirement System boosted its stake in shares of Procter & Gamble by 0.4% in the fourth quarter. Arizona State Retirement System now owns 499,497 shares of the company’s stock valued at $62,387,000 after buying an additional 1,952 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Procter & Gamble by 4.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 10,936 shares of the company’s stock valued at $1,366,000 after buying an additional 472 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of Procter & Gamble by 2.0% in the fourth quarter. Joel Isaacson & Co. LLC now owns 56,293 shares of the company’s stock valued at $7,031,000 after buying an additional 1,109 shares during the period. Institutional investors and hedge funds own 62.82% of the company’s stock.

Several equities research analysts recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and issued a $130.00 price target on shares of Procter & Gamble in a research note on Friday. UBS Group boosted their price target on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” 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 company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $119.00 price target on shares of Procter & Gamble in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $124.86.

Shares of PG opened at $125.69 on Tuesday. Procter & Gamble Co has a one year low of $92.97 and a one year high of $127.00. The company has a market cap of $309.03 billion, a P/E ratio of 74.37, a P/E/G ratio of 3.37 and a beta of 0.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.63 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $124.88 and a two-hundred day simple moving average of $121.24.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.37 by $0.05. Procter & Gamble had a net margin of 6.92% and a return on equity of 27.14%. The business had revenue of $18.24 billion during the quarter, compared to the consensus estimate of $18.37 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Procter & Gamble Co will post 4.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the completion of the transaction, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 206,967 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $124.40, for a total transaction of $25,746,694.80. Following the transaction, the director now owns 3,844 shares of the company’s stock, valued at $478,193.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 237,771 shares of company stock valued at $29,595,465. Company insiders own 1.75% 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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