Bowling Portfolio Management LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 60.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,603 shares of the company’s stock after selling 44,190 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Procter & Gamble were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in PG. Franklin Resources Inc. lifted its position in Procter & Gamble by 63.1% in the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after purchasing an additional 4,315,180 shares during the last quarter. BlackRock Inc. lifted its position in Procter & Gamble by 1.9% in the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after purchasing an additional 2,961,408 shares during the last quarter. C WorldWide Group Holding A S bought a new stake in Procter & Gamble in the second quarter valued at approximately $113,258,000. Unigestion Holding SA bought a new stake in Procter & Gamble in the second quarter valued at approximately $112,171,000. Finally, Schroder Investment Management Group lifted its position in Procter & Gamble by 31.6% in the first quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock valued at $390,712,000 after purchasing an additional 1,184,004 shares during the last quarter. Institutional investors own 58.54% of the company’s stock.
PG opened at $92.41 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14. The company has a market cap of $230.70 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 3.00 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a dividend of $0.7172 per share. The ex-dividend date is Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
In other news, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the transaction, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. Insiders have sold 153,302 shares of company stock worth $13,438,363 over the last three months. Insiders own 1.84% of the company’s stock.
Several brokerages have weighed in on PG. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $86.00 price objective on shares of Procter & Gamble in a research report on Friday. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price objective on shares of Procter & Gamble in a research report on Monday, October 22nd. Finally, Deutsche Bank boosted their price objective on Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.38.
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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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