Shufro Rose & Co. LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 15.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,300 shares of the company’s stock after selling 799 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Procter & Gamble were worth $652,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Procter & Gamble by 1.0% in the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after acquiring an additional 2,197,165 shares in the last quarter. BlackRock Inc. raised its holdings in Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after acquiring an additional 1,811,085 shares in the last quarter. State Street Corp raised its holdings in Procter & Gamble by 0.8% in the third quarter. State Street Corp now owns 104,749,256 shares of the company’s stock valued at $13,224,594,000 after acquiring an additional 797,652 shares in the last quarter. Legal & General Group Plc raised its holdings in Procter & Gamble by 3.6% in the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock valued at $2,665,327,000 after acquiring an additional 637,095 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Procter & Gamble by 22.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after acquiring an additional 3,054,844 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.
Insider Activity at Procter & Gamble
In related news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $656,511 in the last three months. Insiders own 0.26% of the company’s stock.
Procter & Gamble Stock Performance
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating 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 analyst estimates of $20.75 billion. During the same period last year, the firm posted $1.66 EPS. Procter & Gamble’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Citigroup assumed coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective on the stock. Raymond James raised their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. UBS Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $157.00 to $163.00 in a report on Wednesday, March 1st. Finally, Barclays cut their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target 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.
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