AustralianSuper Pty Ltd reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 79.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,000 shares of the company’s stock after selling 223,200 shares during the period. AustralianSuper Pty Ltd’s holdings in Procter & Gamble were worth $4,527,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall & Sullivan Inc. WA bought a new position in shares of Procter & Gamble in the second quarter worth approximately $149,000. Clearwater Capital Advisors LLC bought a new position in shares of Procter & Gamble in the first quarter worth approximately $154,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Procter & Gamble by 296.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after purchasing an additional 1,524 shares during the last quarter. Clarus Wealth Advisors bought a new position in shares of Procter & Gamble in the second quarter worth approximately $172,000. Finally, Rainier Group Investment Advisory LLC bought a new position in shares of Procter & Gamble in the first quarter worth approximately $174,000. Institutional investors and hedge funds own 58.57% of the company’s stock.
NYSE:PG opened at $92.82 on Friday. The firm has a market capitalization of $233.75 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.04 and a beta of 0.37. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $94.81. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.09%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.
Several research analysts have recently issued reports on PG shares. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. UBS Group set a $82.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, October 17th. Citigroup raised their target price on shares of Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, October 22nd. Wells Fargo & Co restated a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a report on Thursday, August 16th. Finally, Macquarie raised their target price on shares of Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $88.38.
In other Procter & Gamble news, CEO David S. Taylor sold 63,113 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Valarie L. Sheppard sold 40,751 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total value of $3,746,239.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 500,784 shares of company stock worth $46,237,322. 1.84% of the stock is currently owned by company insiders.
Procter & Gamble 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.
See Also: Intrinsic Value and Stock Selection
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