Boston Private Wealth LLC lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 2.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 328,529 shares of the company’s stock after selling 8,258 shares during the period. Procter & Gamble comprises approximately 1.1% of Boston Private Wealth LLC’s holdings, making the stock its 18th largest position. Boston Private Wealth LLC’s holdings in Procter & Gamble were worth $29,890,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Capital Research Global Investors lifted its holdings in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Procter & Gamble by 30.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on PG. Jefferies Group reiterated a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a report on Tuesday, January 23rd. Stifel Nicolaus increased their price objective on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $88.11.
Procter & Gamble Co (NYSE PG) opened at $81.34 on Wednesday. The stock has a market capitalization of $205,060.00, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.58 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a 52 week low of $78.59 and a 52 week high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. analysts forecast that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.39%. Procter & Gamble’s payout ratio is currently 74.59%.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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