Daiwa Securities Group Inc. cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,607 shares of the company’s stock after selling 6,461 shares during the period. Daiwa Securities Group Inc.’s holdings in Procter & Gamble were worth $14,157,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Asset Planning Services Ltd. raised its holdings in Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Winfield Associates Inc. raised its holdings in Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of Procter & Gamble by 0.5% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after acquiring an additional 17 shares in the last quarter. Iron Financial LLC grew its stake in shares of Procter & Gamble by 0.8% during the 2nd quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after acquiring an additional 25 shares in the last quarter. Finally, Davis Rea Ltd. grew its stake in shares of Procter & Gamble by 0.7% during the 2nd quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock worth $332,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.
In other news, insider Ioannis Skoufalos sold 2,880 shares of Procter & Gamble stock in a transaction on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 75,981 shares of company stock valued at $6,739,389 in the last ninety days. Insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Co (PG) traded down $0.30 during trading on Friday, reaching $79.92. The company’s stock had a trading volume of 18,665,605 shares, compared to its average volume of 10,070,000. Procter & Gamble Co has a fifty-two week low of $78.59 and a fifty-two week high of $94.67. The firm has a market cap of $202,750.00, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.49 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Procter & Gamble Co will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.45%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 73.60%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo & Co reaffirmed a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. Deutsche Bank assumed coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $88.38.
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Procter & Gamble Company 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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