Bernzott Capital Advisors increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,677 shares of the company’s stock after purchasing an additional 4,310 shares during the quarter. Bernzott Capital Advisors’ holdings in Procter & Gamble were worth $9,498,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of PG. BlackRock Inc. increased its position in shares of Procter & Gamble by 2.2% during the 2nd quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock worth $12,969,690,000 after purchasing an additional 3,551,051 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $241,094,000. C WorldWide Group Holding A S acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $113,258,000. Unigestion Holding SA acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $112,171,000. Finally, Schroder Investment Management Group increased its position in shares of Procter & Gamble by 31.6% during the 1st quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock worth $390,712,000 after purchasing an additional 1,184,004 shares during the last quarter. 58.57% of the stock is owned by hedge funds and other institutional investors.
Shares of PG opened at $94.51 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The stock has a market capitalization of $238.26 billion, a PE ratio of 22.40, a P/E/G ratio of 3.10 and a beta of 0.37. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.81.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s payout ratio is presently 68.01%.
A number of brokerages recently commented on PG. Jefferies Financial Group restated a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a report on Friday, November 9th. TD Securities restated a “hold” rating on shares of Procter & Gamble in a report on Thursday, November 8th. Bank of America raised their target price on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, November 6th. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $88.38.
In other news, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares in the company, valued at approximately $20,755,710.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn M. Tastad sold 19,791 shares of Procter & Gamble stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total value of $1,834,823.61. Following the completion of the transaction, the insider now owns 60,575 shares of the company’s stock, valued at approximately $5,615,908.25. The disclosure for this sale can be found here. Insiders sold a total of 500,784 shares of company stock valued at $46,237,322 in the last quarter. Company insiders own 1.84% of the company’s stock.
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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.
Further Reading: How to Invest in the Dividend Aristocrat Index
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