MV Capital Management Inc. decreased its stake in shares of Procter & Gamble Co (NYSE:PG) by 7.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,424 shares of the company’s stock after selling 689 shares during the quarter. MV Capital Management Inc.’s holdings in Procter & Gamble were worth $766,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP purchased a new stake in shares of Procter & Gamble in the second quarter valued at $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $125,000. Blume Capital Management Inc. grew its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the period. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $173,000. 60.11% of the stock is owned by institutional investors.
A number of brokerages have recently commented on PG. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Wells Fargo & Co reissued a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a research report on Sunday, December 17th. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, January 8th. Finally, Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $87.57.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 3,252 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 transaction of $255,574.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is currently owned by insiders.
Procter & Gamble Co (NYSE:PG) opened at $80.02 on Wednesday. The company has a market capitalization of $202,411.41, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. Procter & Gamble Co has a one year low of $77.90 and a one year high of $94.67. 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 issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. sell-side analysts expect that Procter & Gamble Co will post 4.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 73.80%.
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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