Biondo Investment Advisors LLC Has $8.10 Million Stock Position in Procter & Gamble Co (NYSE:PG)

Biondo Investment Advisors LLC grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,835 shares of the company’s stock after purchasing an additional 115 shares during the quarter. Procter & Gamble comprises about 1.9% of Biondo Investment Advisors LLC’s portfolio, making the stock its 16th biggest holding. Biondo Investment Advisors LLC’s holdings in Procter & Gamble were worth $8,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after acquiring an additional 2,470,382 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Procter & Gamble during the third quarter worth about $122,000. First Command Financial Services Inc. grew its position in shares of Procter & Gamble by 1.5% during the third quarter. First Command Financial Services Inc. now owns 15,972 shares of the company’s stock worth $1,987,000 after acquiring an additional 230 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Procter & Gamble during the third quarter worth about $386,000. Finally, Osborn Williams & Donohoe LLC grew its position in shares of Procter & Gamble by 0.3% during the third quarter. Osborn Williams & Donohoe LLC now owns 317,195 shares of the company’s stock worth $39,453,000 after acquiring an additional 990 shares during the last quarter. 63.36% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 37,385 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $126.28, for a total value of $4,720,977.80. Following the completion of the sale, the insider now directly owns 60,191 shares of the company’s stock, valued at approximately $7,600,919.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 3,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $126.50, for a total transaction of $379,500.00. Following the completion of the sale, the chief executive officer now directly owns 3,856 shares of the company’s stock, valued at $487,784. The disclosure for this sale can be found here. Insiders sold a total of 100,411 shares of company stock valued at $12,652,757 over the last three months. 1.75% of the stock is owned by corporate insiders.

PG stock opened at $126.14 on Friday. The company has a market capitalization of $311.50 billion, a P/E ratio of 74.64, a PEG ratio of 3.34 and a beta of 0.36. The company has a 50-day simple moving average of $125.01 and a 200 day simple moving average of $122.16. Procter & Gamble Co has a fifty-two week low of $97.75 and a fifty-two week high of $128.09. 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 (NYSE:PG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.05. The business had revenue of $18.24 billion during the quarter, compared to the consensus estimate of $18.37 billion. Procter & Gamble had a net margin of 6.92% and a return on equity of 27.14%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities analysts anticipate that Procter & Gamble Co will post 4.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, January 23rd. Procter & Gamble’s payout ratio is currently 65.93%.

PG has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $119.00 price target on shares of Procter & Gamble in a research report on Friday, January 24th. Macquarie upped their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research report on Wednesday, October 23rd. Berenberg Bank reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Procter & Gamble in a report on Friday, January 24th. Finally, Citigroup upped their price objective on shares of Procter & Gamble from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $124.86.

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.

Recommended Story: If I purchase shares through a brokerage account, am I the holder of record?

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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.