Grimes & Company Inc. boosted its stake in Procter & Gamble Co (NYSE:PG) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,493 shares of the company’s stock after purchasing an additional 581 shares during the period. Grimes & Company Inc.’s holdings in Procter & Gamble were worth $2,809,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Belmont Capital LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at about $34,000. Selective Wealth Management Inc. acquired a new stake in shares of Procter & Gamble during the third quarter worth about $35,000. Wealthcare Capital Management LLC lifted its position in shares of Procter & Gamble by 126.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock worth $42,000 after purchasing an additional 189 shares in the last quarter. Pacifica Partners Inc. acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $44,000. Finally, Barnett & Company Inc. raised its holdings in Procter & Gamble by 626.9% in the fourth quarter. Barnett & Company Inc. now owns 378 shares of the company’s stock valued at $47,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 63.36% of the company’s stock.
PG has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $119.00 target price on shares of Procter & Gamble in a report on Friday, January 24th. Morgan Stanley reissued a “buy” rating and issued a $134.00 target price on shares of Procter & Gamble in a report on Friday, January 24th. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Goldman Sachs Group reissued a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a report on Wednesday, October 23rd. Finally, UBS Group raised their target price on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average target price of $124.86.
NYSE:PG opened at $123.45 on Thursday. The company has a market capitalization of $311.57 billion, a PE ratio of 73.05, a price-to-earnings-growth ratio of 3.34 and a beta of 0.36. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.42. Procter & Gamble Co has a 52-week low of $97.75 and a 52-week high of $128.09. The stock has a fifty day simple moving average of $125.04 and a 200-day simple moving average of $122.06.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.05. The firm had revenue of $18.24 billion during the quarter, compared to analysts’ expectations of $18.37 billion. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
In related news, CEO Ma. Fatima Francisco sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $122.00, for a total transaction of $210,938.00. Following the transaction, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at approximately $836,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 37,385 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $126.28, for a total value of $4,720,977.80. Following the transaction, the insider now directly owns 60,191 shares in the company, valued at $7,600,919.48. The disclosure for this sale can be found here. Insiders have sold a total of 100,411 shares of company stock worth $12,652,757 over the last three months. 1.75% of the stock is currently owned by corporate insiders.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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