King Wealth decreased its holdings in Procter & Gamble Co (NYSE:PG) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,185 shares of the company’s stock after selling 1,094 shares during the quarter. Procter & Gamble accounts for about 0.7% of King Wealth’s holdings, making the stock its 29th biggest holding. King Wealth’s holdings in Procter & Gamble were worth $1,560,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of PG. Norges Bank purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $3,338,757,000. Janus Henderson Group PLC boosted its stake in shares of Procter & Gamble by 117.4% in the fourth quarter. Janus Henderson Group PLC now owns 6,252,849 shares of the company’s stock valued at $780,951,000 after purchasing an additional 3,376,626 shares during the period. Swiss National Bank boosted its stake in shares of Procter & Gamble by 21.7% in the first quarter. Swiss National Bank now owns 10,724,148 shares of the company’s stock valued at $1,179,656,000 after purchasing an additional 1,912,000 shares during the period. Man Group plc lifted its stake in Procter & Gamble by 81.8% in the fourth quarter. Man Group plc now owns 2,735,582 shares of the company’s stock worth $341,674,000 after acquiring an additional 1,231,124 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Procter & Gamble by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock worth $5,161,642,000 after acquiring an additional 1,216,202 shares during the last quarter. 63.44% of the stock is owned by institutional investors and hedge funds.
NYSE PG traded down $0.03 during trading hours on Tuesday, hitting $117.22. The company had a trading volume of 178,257 shares, compared to its average volume of 7,504,056. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.83. Procter & Gamble Co has a 1-year low of $94.34 and a 1-year high of $128.09. The company has a market cap of $286.98 billion, a PE ratio of 66.44, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42. The business has a 50 day moving average of $116.44 and a 200-day moving average of $119.85.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.04. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The company had revenue of $17.21 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Procter & Gamble’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $0.7907 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.70%. Procter & Gamble’s dividend payout ratio is 69.91%.
A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Bank of America reiterated a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a research note on Saturday, April 18th. Deutsche Bank lifted their price target on shares of Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Argus upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, March 26th. Finally, Morgan Stanley boosted their price objective on shares of Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Buy” and a consensus target price of $130.31.
In other news, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total transaction of $883,200.00. Following the completion of the sale, the chief executive officer now owns 44,746 shares in the company, valued at $5,369,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deborah P. Majoras sold 12,589 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the completion of the sale, the insider now owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. The disclosure for this sale can be found here. Insiders have sold 8,963,114 shares of company stock valued at $1,067,197,986 in the last quarter. Insiders own 1.75% of the company’s stock.
About Procter & Gamble
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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