Swedbank grew its position in Procter & Gamble Co (NYSE:PG) by 3.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,357,200 shares of the company’s stock after purchasing an additional 40,689 shares during the quarter. Swedbank’s holdings in Procter & Gamble were worth $107,599,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in Procter & Gamble by 2.4% during the 1st quarter. Venturi Wealth Management LLC now owns 80,016 shares of the company’s stock worth $6,344,000 after acquiring an additional 1,913 shares during the last quarter. GFS Advisors LLC grew its holdings in Procter & Gamble by 26.2% during the 1st quarter. GFS Advisors LLC now owns 93,839 shares of the company’s stock worth $7,439,000 after acquiring an additional 19,463 shares during the last quarter. Usca Ria LLC grew its holdings in Procter & Gamble by 57.0% during the 1st quarter. Usca Ria LLC now owns 97,797 shares of the company’s stock worth $7,753,000 after acquiring an additional 35,517 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in Procter & Gamble by 5.2% during the 1st quarter. Clifford Swan Investment Counsel LLC now owns 273,206 shares of the company’s stock worth $21,660,000 after acquiring an additional 13,617 shares during the last quarter. Finally, Waters Parkerson & CO. LLC grew its holdings in Procter & Gamble by 3.1% during the 1st quarter. Waters Parkerson & CO. LLC now owns 282,927 shares of the company’s stock worth $22,430,000 after acquiring an additional 8,414 shares during the last quarter. Institutional investors own 59.42% of the company’s stock.
NYSE:PG opened at $78.68 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $94.67. The firm has a market capitalization of $198.48 billion, a PE ratio of 19.06, a PEG ratio of 2.50 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The company had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the previous year, the company earned $0.96 EPS. Procter & Gamble’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts forecast that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Friday, July 20th will be given a dividend of $0.7172 per share. The ex-dividend date is Thursday, July 19th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.65%. Procter & Gamble’s payout ratio is presently 73.21%.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 5,300 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $77.41, for a total transaction of $410,273.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven D. Bishop sold 2,075 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total transaction of $149,130.25. Following the transaction, the insider now owns 42,524 shares in the company, valued at approximately $3,056,199.88. The disclosure for this sale can be found here. Insiders have sold a total of 20,938 shares of company stock worth $1,604,483 in the last quarter. 0.35% of the stock is owned by corporate insiders.
A number of research firms have weighed in on PG. Citigroup reduced their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a report on Friday. UBS Group lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Wednesday. Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating in a report on Monday, June 25th. SunTrust Banks reissued a “hold” rating and set a $75.00 target price on shares of Procter & Gamble in a report on Friday, April 20th. Finally, Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Monday, July 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $87.97.
Procter & Gamble Company 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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