Mcdaniel Terry & Co. lessened its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,478 shares of the company’s stock after selling 245 shares during the quarter. Procter & Gamble makes up approximately 3.7% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 7th largest position. Mcdaniel Terry & Co.’s holdings in Procter & Gamble were worth $31,597,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. EWG Elevate Inc. acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $26,000. Legend Financial Advisors Inc. acquired a new stake in Procter & Gamble during the 3rd quarter valued at approximately $30,000. Bourgeon Capital Management LLC increased its position in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. Horizons Wealth Management acquired a new stake in Procter & Gamble during the 2nd quarter valued at approximately $52,000. Finally, Belmont Capital LLC increased its position in Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares during the period. Institutional investors own 62.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on PG shares. UBS Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and increased their target price for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Barclays reduced their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $155.27.
Insider Buying and Selling at Procter & Gamble
Procter & Gamble Price Performance
Shares of PG opened at $148.69 on Friday. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90. The business’s fifty day moving average is $141.15 and its 200 day moving average is $141.17. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a market cap of $350.78 billion, a P/E ratio of 26.09, a P/E/G ratio of 4.12 and a beta of 0.40.
Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same period last year, the business earned $1.66 EPS. Procter & Gamble’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. This represents a $3.65 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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