Glenview Trust Co lessened its holdings in Procter & Gamble Co (NYSE:PG) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,625 shares of the company’s stock after selling 11,760 shares during the quarter. Procter & Gamble accounts for approximately 1.8% of Glenview Trust Co’s holdings, making the stock its 12th biggest holding. Glenview Trust Co’s holdings in Procter & Gamble were worth $24,872,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Procter & Gamble by 9.6% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 544,109 shares of the company’s stock worth $42,473,000 after purchasing an additional 47,855 shares during the last quarter. Reilly Herbert Faulkner III grew its holdings in shares of Procter & Gamble by 25.5% in the 2nd quarter. Reilly Herbert Faulkner III now owns 68,994 shares of the company’s stock worth $5,386,000 after purchasing an additional 14,000 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Procter & Gamble by 108.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 273,575 shares of the company’s stock worth $21,355,000 after purchasing an additional 142,076 shares during the last quarter. Chilton Investment Co. LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $495,000. Finally, Stephens Inc. AR grew its holdings in shares of Procter & Gamble by 8.8% in the 2nd quarter. Stephens Inc. AR now owns 240,652 shares of the company’s stock worth $18,785,000 after purchasing an additional 19,409 shares during the last quarter. 58.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:PG opened at $92.45 on Friday. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $94.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. The stock has a market cap of $235.23 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.06 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue was up .2% on a year-over-year basis. Analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
In other Procter & Gamble news, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $94.62, for a total transaction of $1,545,901.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 700 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $93.30, for a total transaction of $65,310.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,927 shares of company stock worth $46,437,282. Insiders own 1.84% of the company’s stock.
Several research firms have recently weighed in on PG. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 target price on shares of Procter & Gamble in a report on Friday, November 9th. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a report on Thursday, November 8th. Bank of America upped their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.38.
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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