Charter Trust Co. lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 6.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,452 shares of the company’s stock after selling 5,981 shares during the quarter. Charter Trust Co.’s holdings in Procter & Gamble were worth $7,668,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Procter & Gamble by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock worth $1,180,687,000 after purchasing an additional 1,064,665 shares in the last quarter. Capital Investment Advisors LLC increased its position in Procter & Gamble by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 121,687 shares of the company’s stock worth $11,181,000 after purchasing an additional 607 shares in the last quarter. Coastline Trust Co increased its position in Procter & Gamble by 12.5% during the 4th quarter. Coastline Trust Co now owns 60,212 shares of the company’s stock worth $5,532,000 after purchasing an additional 6,680 shares in the last quarter. Koshinski Asset Management Inc. increased its position in Procter & Gamble by 24.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,988 shares of the company’s stock worth $2,296,000 after purchasing an additional 4,964 shares in the last quarter. Finally, First National Trust Co increased its position in Procter & Gamble by 6.4% during the 4th quarter. First National Trust Co now owns 139,493 shares of the company’s stock worth $12,817,000 after purchasing an additional 8,403 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.
A number of research firms recently commented on PG. Barclays set a $84.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research report on Thursday, March 15th. Berenberg Bank initiated coverage on Procter & Gamble in a report on Wednesday, February 28th. They issued a “sell” rating and a $78.50 price target for the company. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target for the company in a report on Thursday, February 1st. Morgan Stanley lifted their price target on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $87.18.
Shares of Procter & Gamble stock opened at $77.04 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a fifty-two week low of $76.88 and a fifty-two week high of $94.67. The stock has a market capitalization of $198,302.17, a PE ratio of 20.60, a PEG ratio of 2.45 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last issued its 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 business had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
In other news, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. Insiders have sold a total of 114,011 shares of company stock valued at $9,710,976 in the last quarter. Company insiders own 0.35% of the company’s stock.
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.
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.