First Citizens Bank & Trust Co. boosted its position in Procter & Gamble Co (NYSE:PG) by 61.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,661 shares of the company’s stock after purchasing an additional 32,223 shares during the period. Procter & Gamble comprises approximately 1.0% of First Citizens Bank & Trust Co.’s holdings, making the stock its 18th largest position. First Citizens Bank & Trust Co.’s holdings in Procter & Gamble were worth $7,779,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the period. Harding Loevner LP acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $125,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the period. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $173,000. Hedge funds and other institutional investors own 61.05% of the company’s stock.
PG has been the subject of a number of recent research reports. Deutsche Bank initiated coverage on shares of Procter & Gamble in a research note on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective for the company. Morgan Stanley raised their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Monday, January 8th. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $87.37.
Shares of Procter & Gamble Co (NYSE PG) opened at $79.86 on Tuesday. The company has a market cap of $201,330.00, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a 12 month low of $77.90 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. equities analysts anticipate that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.45%. Procter & Gamble’s payout ratio is currently 70.23%.
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Procter & Gamble Company 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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