First American Trust FSB increased its stake in Procter & Gamble Co (NYSE:PG) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,174 shares of the company’s stock after purchasing an additional 1,795 shares during the period. Procter & Gamble accounts for about 1.9% of First American Trust FSB’s portfolio, making the stock its 15th largest position. First American Trust FSB’s holdings in Procter & Gamble were worth $7,550,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the last quarter. BlackRock Inc. increased 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 in the last quarter. Trian Fund Management L.P. increased its holdings in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares in the last quarter. Truepoint Inc. increased its holdings in shares of Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares in the last quarter. Institutional investors own 61.05% of the company’s stock.
In other Procter & Gamble news, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble stock in a transaction on Friday, January 26th. The shares were sold at an average price of $87.48, for a total transaction of $401,620.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. In the last three months, insiders sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is owned by insiders.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is presently 70.23%.
Several research firms have recently weighed in on PG. Jefferies Group reaffirmed a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a report on Tuesday, January 23rd. Wells Fargo & Co reaffirmed a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Berenberg Bank began coverage on shares of Procter & Gamble in a report on Wednesday, February 28th. They set a “sell” rating and a $78.50 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble has an average rating of “Buy” and an average target price of $87.37.
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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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