Cannell Peter B & Co. Inc. decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,923 shares of the company’s stock after selling 1,829 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Procter & Gamble were worth $7,734,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of PG. RPg Family Wealth Advisory LLC increased its stake in shares of Procter & Gamble by 209.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after buying an additional 913 shares during the period. Ayalon Holdings Ltd. acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $108,000. Willingdon Wealth Management increased its stake in shares of Procter & Gamble by 4,668.6% in the third quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after buying an additional 1,634 shares during the period. Polaris Greystone Financial Group LLC increased its stake in shares of Procter & Gamble by 224.9% in the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock valued at $143,000 after buying an additional 1,192 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $149,000. 61.36% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. SunTrust Banks upped their price objective on Procter & Gamble to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 8th. Barclays reaffirmed a “hold” rating and issued a $94.00 price objective on shares of Procter & Gamble in a research note on Friday, January 25th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average price target of $95.00.
Shares of PG stock opened at $98.27 on Tuesday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $98.39. The company has a market capitalization of $246.33 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.14 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, January 17th. Procter & Gamble’s payout ratio is presently 68.01%.
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Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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