Cliftonlarsonallen Wealth Advisors LLC raised its position in Procter & Gamble Co (NYSE:PG) by 13.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,156 shares of the company’s stock after purchasing an additional 1,629 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $1,838,000. Eukles Asset Management bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $80,000. Rossmore Private Capital lifted its position in shares of Procter & Gamble by 21.0% during the 4th quarter. Rossmore Private Capital now owns 10,384 shares of the company’s stock valued at $954,000 after acquiring an additional 1,800 shares during the period. Lavaca Capital LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $565,000. Finally, Carlson Capital Management lifted its position in shares of Procter & Gamble by 35.6% during the 4th quarter. Carlson Capital Management now owns 6,055 shares of the company’s stock valued at $557,000 after acquiring an additional 1,590 shares during the period. 61.76% of the stock is currently owned by hedge funds and other institutional investors.
In other Procter & Gamble news, insider Juan Fernando Posada sold 3,000 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $98.25, for a total value of $294,750.00. Following the completion of the transaction, the insider now owns 29,739 shares of the company’s stock, valued at approximately $2,921,856.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 1,236 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,270,496 shares of company stock valued at $224,931,027. 1.84% of the stock is owned by corporate insiders.
Shares of PG stock opened at $106.42 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $106.50. The firm has a market cap of $266.55 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same period in the prior year, the company earned $1.19 EPS. Procter & Gamble’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $0.7459 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
A number of analysts have recently weighed in on the company. Wells Fargo & Co upgraded Procter & Gamble from a “market perform” rating to an “outperform” rating and upped their target price for the company from $78.00 to $115.00 in a research report on Monday, April 8th. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Macquarie set a $110.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Credit Suisse Group assumed coverage on Procter & Gamble in a research report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $97.74.
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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.
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