Homrich & Berg lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,341 shares of the company’s stock after selling 3,403 shares during the period. Homrich & Berg’s holdings in Procter & Gamble were worth $3,339,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Procter & Gamble by 0.5% during the fourth quarter. BlackRock Inc. now owns 159,637,818 shares of the company’s stock worth $14,667,526,000 after buying an additional 793,096 shares during the last quarter. Truepoint Inc. raised its stake in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after buying an additional 26,584,514 shares during the last quarter. Legal & General Group Plc raised its stake in Procter & Gamble by 2.0% during the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock worth $1,269,884,000 after buying an additional 277,715 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Procter & Gamble by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock worth $1,180,687,000 after buying an additional 1,064,665 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Procter & Gamble by 3.5% during the fourth quarter. American Century Companies Inc. now owns 11,806,896 shares of the company’s stock worth $1,084,818,000 after buying an additional 401,855 shares during the last quarter. 59.49% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Gary A. Coombe sold 1,529 shares of the business’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $74.25, for a total transaction of $113,528.25. Following the transaction, the insider now directly owns 5,235 shares in the company, valued at $388,698.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 5,300 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $77.41, for a total transaction of $410,273.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,938 shares of company stock worth $1,604,483. 0.35% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on PG. Berenberg Bank started coverage on shares of Procter & Gamble in a research note on Wednesday, February 28th. They set a “sell” rating and a $78.50 target price for the company. Morgan Stanley reduced their price target on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, April 5th. Barclays set a $84.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Thursday, March 15th. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, Stifel Nicolaus reduced their price target on shares of Procter & Gamble from $85.00 to $83.00 and set a “hold” rating for the company in a report on Wednesday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $82.85.
Shares of NYSE PG traded down $0.77 during mid-day trading on Wednesday, reaching $76.47. 8,022,160 shares of the company’s stock traded hands, compared to its average volume of 9,820,751. The stock has a market capitalization of $195.45 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.56 and a beta of 0.58. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $94.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.91 and a quick ratio of 0.74.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. equities research analysts anticipate that Procter & Gamble Co will post 4.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Friday, April 20th were issued a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, April 19th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.75%. Procter & Gamble’s payout ratio is 73.21%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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