Madison Asset Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,279 shares of the company’s stock after selling 6,667 shares during the period. Madison Asset Management LLC’s holdings in Procter & Gamble were worth $22,791,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in PG. Axiom Financial Strategies LLC grew its stake in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares in the last quarter. AMI Investment Management Inc. boosted its stake in shares of Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management boosted its stake in shares of Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its stake in shares of Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the transaction, the chief financial officer now owns 27,118 shares of the company’s stock, valued at $4,210,611.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the sale, the chief financial officer now owns 27,118 shares in the company, valued at $4,210,611.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,300 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the sale, the insider now owns 13,001 shares in the company, valued at approximately $2,032,446.33. The disclosure for this sale can be found here. Insiders sold a total of 95,093 shares of company stock valued at $14,821,930 over the last 90 days. Insiders own 0.26% of the company’s stock.
Analysts Set New Price Targets
Procter & Gamble Trading Up 0.7 %
NYSE PG opened at $150.05 on Friday. The company has a fifty day simple moving average of $149.25 and a two-hundred day simple moving average of $147.25. The stock has a market cap of $353.66 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.83 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.11. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. On average, analysts forecast that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a dividend of $0.9407 per share. The ex-dividend date is Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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