Evergreen Capital Management LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 571.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,031 shares of the company’s stock after purchasing an additional 15,347 shares during the period. Evergreen Capital Management LLC’s holdings in Procter & Gamble were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of PG. Richard C. Young & CO. LTD. raised its position in shares of Procter & Gamble by 1.4% in the third quarter. Richard C. Young & CO. LTD. now owns 124,529 shares of the company’s stock worth $11,330,000 after acquiring an additional 1,686 shares during the period. Iberiabank Corp raised its position in shares of Procter & Gamble by 33.2% in the third quarter. Iberiabank Corp now owns 94,541 shares of the company’s stock worth $8,642,000 after acquiring an additional 23,555 shares during the period. Schroder Investment Management Group raised its position in shares of Procter & Gamble by 7.9% in the third quarter. Schroder Investment Management Group now owns 3,370,108 shares of the company’s stock worth $306,309,000 after acquiring an additional 247,589 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Procter & Gamble by 9.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 207,384 shares of the company’s stock worth $18,868,000 after acquiring an additional 17,370 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Procter & Gamble in the third quarter worth about $1,778,000. Institutional investors own 59.85% of the company’s stock.
In related news, insider Juan Fernando Posada sold 4,878 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the sale, the insider now owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,806 shares of company stock valued at $6,750,355. 0.35% of the stock is owned by corporate insiders.
A number of research analysts have weighed in on the stock. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a research report on Thursday, February 1st. Morgan Stanley upped their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks reissued a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. 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 issued a strong buy rating to the company. Procter & Gamble has a consensus rating of “Buy” and an average target price of $88.38.
Shares of Procter & Gamble Co (PG) opened at $82.60 on Friday. Procter & Gamble Co has a one year low of $78.59 and a one year high of $94.67. The stock has a market cap of $208,230.00, a PE ratio of 22.32, a P/E/G ratio of 2.52 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 (NYSE:PG) last announced its quarterly earnings data 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 net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter in the prior year, the company earned $1.08 EPS. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. equities analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.34%. Procter & Gamble’s dividend payout ratio is presently 74.59%.
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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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