GFS Advisors LLC Sells 38,095 Shares of Procter & Gamble Co (PG)

GFS Advisors LLC reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,094 shares of the company’s stock after selling 38,095 shares during the period. Procter & Gamble comprises about 1.3% of GFS Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. GFS Advisors LLC’s holdings in Procter & Gamble were worth $5,667,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. boosted its position in Procter & Gamble by 2.3% during the third quarter. Blackhawk Capital Partners LLC. now owns 24,279 shares of the company’s stock valued at $2,021,000 after purchasing an additional 547 shares during the last quarter. Grand Jean Capital Management Inc. lifted its position in shares of Procter & Gamble by 4.6% in the third quarter. Grand Jean Capital Management Inc. now owns 12,577 shares of the company’s stock valued at $1,047,000 after buying an additional 548 shares during the last quarter. Peak Asset Management LLC lifted its position in shares of Procter & Gamble by 2.3% in the third quarter. Peak Asset Management LLC now owns 25,119 shares of the company’s stock valued at $2,091,000 after buying an additional 556 shares during the last quarter. Motco lifted its position in shares of Procter & Gamble by 20.0% in the third quarter. Motco now owns 3,353 shares of the company’s stock valued at $279,000 after buying an additional 558 shares during the last quarter. Finally, Wagner Wealth Management LLC lifted its position in shares of Procter & Gamble by 9.4% in the third quarter. Wagner Wealth Management LLC now owns 6,566 shares of the company’s stock valued at $546,000 after buying an additional 566 shares during the last quarter. 60.74% of the stock is owned by institutional investors.

In other Procter & Gamble news, insider Gary A. Coombe sold 9,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $93.90, for a total transaction of $845,100.00. Following the transaction, the insider now owns 18,517 shares in the company, valued at approximately $1,738,746.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,208,754 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $99.08, for a total value of $119,763,346.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,270,496 shares of company stock worth $224,931,027. 1.84% of the stock is owned by corporate insiders.

Shares of NYSE PG opened at $102.44 on Friday. The company has a market cap of $258.25 billion, a PE ratio of 24.27, a PEG ratio of 3.26 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $102.89.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.04. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. Equities research analysts predict that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, January 18th were paid a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 2.80%. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.

A number of analysts have recently issued reports on PG shares. Bank of America raised Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Thursday, December 13th. Berenberg Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and raised their price objective for the company from $86.00 to $92.00 in a research report on Thursday, January 24th. Barclays reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 8th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $91.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $96.21.

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About Procter & Gamble

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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