Beck Bode LLC lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,155 shares of the company’s stock after selling 375 shares during the quarter. Beck Bode LLC’s holdings in Procter & Gamble were worth $269,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arjuna Capital increased its holdings in Procter & Gamble by 2.2% during the 2nd quarter. Arjuna Capital now owns 30,138 shares of the company’s stock worth $3,305,000 after purchasing an additional 649 shares during the last quarter. Bernardo Wealth Planning LLC increased its holdings in Procter & Gamble by 5.2% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 6,331 shares of the company’s stock worth $694,000 after purchasing an additional 314 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Procter & Gamble by 26.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,832 shares of the company’s stock worth $1,846,000 after purchasing an additional 3,471 shares during the last quarter. Phocas Financial Corp. increased 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 worth $779,000 after purchasing an additional 71,055,523 shares during the last quarter. Finally, Chartwell Investment Partners LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth approximately $5,878,000. Institutional investors own 62.82% of the company’s stock.
In related news, CEO Ma. Fatima Francisco sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $126.50, for a total transaction of $379,500.00. Following the completion of the transaction, the chief executive officer now owns 3,856 shares in the company, valued at approximately $487,784. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 26,075 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the transaction, the insider now owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Insiders have sold a total of 237,771 shares of company stock valued at $29,595,465 in the last 90 days. Insiders own 1.75% of the company’s stock.
Several equities research analysts have issued reports on PG shares. Macquarie lifted their price objective on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley reiterated a “buy” rating and issued a $134.00 price target on shares of Procter & Gamble in a report on Friday. Berenberg Bank reiterated a “hold” rating and issued a $130.00 price target on shares of Procter & Gamble in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $119.00 price target on shares of Procter & Gamble in a report on Friday. Finally, Citigroup boosted their price target on Procter & Gamble from $138.00 to $143.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.86.
Shares of NYSE PG opened at $125.69 on Tuesday. Procter & Gamble Co has a twelve month low of $92.97 and a twelve month high of $127.00. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $309.03 billion, a price-to-earnings ratio of 74.37, a price-to-earnings-growth ratio of 3.37 and a beta of 0.40. The business has a 50 day simple moving average of $124.88 and a 200-day simple moving average of $121.24.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.05. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. 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 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Procter & Gamble Co will post 4.98 earnings per share for the current year.
The business 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 dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio 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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