Northpointe Capital LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,201 shares of the company’s stock after buying an additional 4,498 shares during the period. Procter & Gamble makes up approximately 0.9% of Northpointe Capital LLC’s holdings, making the stock its 29th largest holding. Northpointe Capital LLC’s holdings in Procter & Gamble were worth $8,907,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new position in shares of Procter & Gamble during the 1st quarter worth $126,275,000. Bank of Nova Scotia boosted its position in Procter & Gamble by 232.6% during the first quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock valued at $110,256,000 after purchasing an additional 858,200 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new stake in Procter & Gamble during the first quarter valued at about $52,682,000. Schwab Charles Investment Management Inc. boosted its position in Procter & Gamble by 4.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock valued at $1,006,511,000 after purchasing an additional 533,340 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Procter & Gamble by 8,419.8% during the second quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock valued at $5,675,000 after purchasing an additional 488,771 shares in the last quarter. Institutional investors own 59.54% of the company’s stock.
In related news, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock worth $1,927,095 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Company (PG) traded down $0.15 on Wednesday, reaching $91.25. The company’s stock had a trading volume of 6,737,358 shares, compared to its average volume of 7,380,739. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a one year low of $82.71 and a one year high of $94.67. The firm has a market capitalization of $231,903.34, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.94 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. analysts anticipate that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is presently 48.51%.
A number of research firms have commented on PG. Jefferies Group reiterated a “buy” rating and issued a $104.00 price target (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Vetr upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research note on Friday, September 15th. Macquarie began coverage on Procter & Gamble in a research note on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price objective for the company. Bank of America raised their price objective on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $87.81.
Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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