Hugh Johnson Advisors LLC increased its stake in shares of Procter & Gamble Co (NYSE:PG) by 85.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,568 shares of the company’s stock after acquiring an additional 2,558 shares during the period. Hugh Johnson Advisors LLC’s holdings in Procter & Gamble were worth $507,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its holdings in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $125,000. Blume Capital Management Inc. increased its holdings in shares of Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $173,000. 59.85% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Co (NYSE:PG) opened at $82.41 on Friday. The company has a market capitalization of $207,760.00, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. Procter & Gamble Co has a 52 week low of $78.59 and a 52 week high of $94.67.
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, topping the Zacks’ 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 company had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. analysts anticipate that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.35%. Procter & Gamble’s dividend payout ratio (DPR) is presently 74.59%.
In other Procter & Gamble news, insider Kathleen B. Fish sold 10,192 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the transaction, the insider now owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The disclosure for this sale can be found here. Insiders have sold a total of 76,806 shares of company stock valued at $6,750,355 in the last quarter. 0.35% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on PG shares. Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a report on Monday, October 23rd. Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Morgan Stanley lowered their price target on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Finally, Jefferies Group reiterated a “buy” rating and issued a $88.23 price target (down from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.38.
About Procter & Gamble
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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