First Interstate Bank lowered its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,998 shares of the company’s stock after selling 556 shares during the period. First Interstate Bank’s holdings in Procter & Gamble were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 worth $28,351,991,000 after acquiring an additional 2,197,165 shares in the last quarter. BlackRock Inc. raised its position in shares of Procter & Gamble by 1.1% during the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after purchasing an additional 1,811,085 shares during the period. State Street Corp lifted its holdings in shares of Procter & Gamble by 0.8% in the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after purchasing an additional 797,652 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Procter & Gamble by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock valued at $2,435,377,000 after purchasing an additional 228,272 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Procter & Gamble by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 9,261,714 shares of the company’s stock valued at $1,169,291,000 after purchasing an additional 344,629 shares in the last quarter. Institutional investors own 62.13% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on PG shares. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. UBS Group boosted their price objective on Procter & Gamble from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $156.00 to $160.00 in a report on Monday. Citigroup initiated coverage on Procter & Gamble in a report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target for the company. 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 analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $156.00.
Insiders Place Their Bets
Procter & Gamble Stock Up 0.5 %
Procter & Gamble stock opened at $151.77 on Friday. The firm has a 50 day moving average price of $142.65 and a 200-day moving average price of $141.95. 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 Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90. The company has a market capitalization of $358.05 billion, a P/E ratio of 26.63, a P/E/G ratio of 4.21 and a beta of 0.41.
Procter & Gamble (NYSE:PG – Get Rating) last released 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 business had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period last year, the business posted $1.66 earnings per share. The business’s revenue for the quarter 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be issued a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, April 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 2.48%. Procter & Gamble’s dividend payout ratio is 64.04%.
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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