Headinvest LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,944 shares of the company’s stock after selling 675 shares during the quarter. Procter & Gamble accounts for about 3.6% of Headinvest LLC’s holdings, making the stock its 5th biggest position. Headinvest LLC’s holdings in Procter & Gamble were worth $20,275,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of PG. Level Financial Advisors Inc. acquired a new stake in Procter & Gamble in the fourth quarter valued at $51,000. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble in the 4th quarter valued at about $53,000. Costello Asset Management INC increased its holdings in Procter & Gamble by 32.8% during the 4th quarter. Costello Asset Management INC now owns 364 shares of the company’s stock valued at $60,000 after acquiring an additional 90 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Procter & Gamble during the third quarter worth about $83,000. Finally, Cranbrook Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 26.4% in the third quarter. Cranbrook Wealth Management LLC now owns 598 shares of the company’s stock valued at $84,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 63.64% of the company’s stock.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $181.00 to $165.00 in a research report on Wednesday, March 30th. Raymond James boosted their price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Jefferies Financial Group lifted their price objective on Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 target price on the stock. in a report on Tuesday, March 29th. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $175.00 in a research note on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $165.47.
PG stock traded up $0.09 on Friday, hitting $141.79. 7,786,869 shares of the company were exchanged, compared to its average volume of 8,282,071. The stock has a market capitalization of $340.20 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.39. The business’s fifty day moving average is $155.16 and its two-hundred day moving average is $155.30. The Procter & Gamble Company has a twelve month low of $131.94 and a twelve month high of $165.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
Procter & Gamble Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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