Ziegler Capital Management LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,615 shares of the company’s stock after selling 1,076 shares during the quarter. Ziegler Capital Management LLC’s holdings in Procter & Gamble were worth $12,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Ledyard National Bank boosted its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock worth $10,233,000 after buying an additional 961 shares during the last quarter. Autumn Glory Partners LLC boosted its holdings in shares of Procter & Gamble by 38.9% in the 3rd quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock worth $1,383,000 after buying an additional 3,070 shares during the last quarter. Private Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 9.4% in the 3rd quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock worth $3,586,000 after buying an additional 2,445 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 11.1% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock worth $4,682,000 after buying an additional 3,089 shares during the last quarter. Finally, Udine Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $752,000. 62.13% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Procter & Gamble
In related news, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the transaction, the chief financial officer now directly owns 35,142 shares in the company, valued at $4,826,402.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 435 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at $1,537,328.80. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock valued at $656,511 over the last three months. 0.26% of the stock is owned by corporate insiders.
Procter & Gamble Trading Up 0.5 %
Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly 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 net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the firm posted $1.66 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were paid a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is currently 64.04%.
Analysts Set New Price Targets
PG has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Citigroup started coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. StockNews.com started coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating for the company. Barclays cut their target price 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. Finally, Raymond James increased their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.27.
About Procter & Gamble
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.
Read More
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