NorthLanding Financial Partners LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,648 shares of the company’s stock after selling 154 shares during the period. NorthLanding Financial Partners LLC’s holdings in Procter & Gamble were worth $394,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Procter & Gamble by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 46,243,572 shares of the company’s stock valued at $6,997,559,000 after acquiring an additional 323,292 shares during the last quarter. Morgan Stanley grew its holdings in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares during the period. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter valued at about $3,752,321,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Procter & Gamble by 11.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,150,848 shares of the company’s stock valued at $2,599,383,000 after buying an additional 1,722,462 shares during the period. 64.65% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Procter & Gamble
In related news, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $155.47, for a total value of $754,340.44. Following the completion of the sale, the insider now owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total value of $754,340.44. Following the transaction, the insider now owns 7,977 shares in the company, valued at approximately $1,240,184.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction on Monday, April 24th. The stock was 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 directly owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,093 shares of company stock valued at $14,821,930. Company insiders own 0.26% of the company’s stock.
Wall Street Analyst Weigh In
Procter & Gamble Stock Performance
Shares of PG stock opened at $150.05 on Monday. The business has a fifty day moving average of $149.25 and a 200 day moving average of $147.21. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a market capitalization of $353.66 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.86 and a beta of 0.42.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm 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 revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 EPS. As a group, research analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a dividend of $0.9407 per share. The ex-dividend date is Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.51%. Procter & Gamble’s dividend payout ratio is currently 65.51%.
Procter & Gamble Company 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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