JJJ Advisors Inc. Grows Stock Position in The Procter & Gamble Company (NYSE:PG)


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JJJ Advisors Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 282.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,717 shares of the company’s stock after buying an additional 8,654 shares during the quarter. The Procter & Gamble comprises approximately 0.6% of JJJ Advisors Inc.’s portfolio, making the stock its 20th biggest holding. JJJ Advisors Inc.’s holdings in The Procter & Gamble were worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in The Procter & Gamble during the fourth quarter worth about $3,679,005,000. Morgan Stanley grew its stake in shares of The Procter & Gamble by 6.5% in the fourth quarter. Morgan Stanley now owns 32,345,298 shares of the company’s stock valued at $4,500,525,000 after buying an additional 1,964,987 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of The Procter & Gamble by 48.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,678,290 shares of the company’s stock valued at $790,079,000 after buying an additional 1,855,879 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of The Procter & Gamble by 356.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,084,005 shares of the company’s stock valued at $289,968,000 after buying an additional 1,627,649 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in shares of The Procter & Gamble by 98.0% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,661,618 shares of the company’s stock valued at $370,293,000 after buying an additional 1,317,497 shares in the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.

The Procter & Gamble stock traded up $0.13 during mid-day trading on Tuesday, reaching $135.13. The company had a trading volume of 48,458 shares, compared to its average volume of 8,280,199. The company has a market cap of $330.83 billion, a P/E ratio of 25.81, a P/E/G ratio of 3.25 and a beta of 0.38. The business has a fifty day simple moving average of $133.89 and a 200 day simple moving average of $134.79. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a fifty-two week low of $111.25 and a fifty-two week high of $146.92.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The firm had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $18 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 5.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be given a dividend of $0.8698 per share. The ex-dividend date is Thursday, April 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 2.57%. The Procter & Gamble’s payout ratio is presently 67.97%.

PG has been the subject of a number of recent research reports. Zacks Investment Research lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a research note on Thursday, January 21st. JPMorgan Chase & Co. lowered their price objective on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, April 22nd. Independent Research upgraded The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research note on Friday, January 22nd. Citigroup downgraded The Procter & Gamble from a “buy” rating to a “neutral” rating in a report on Wednesday, April 21st. Finally, Sanford C. Bernstein began coverage on The Procter & Gamble in a report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The Procter & Gamble has an average rating of “Buy” and an average price target of $148.93.

In other The Procter & Gamble news, insider Deborah P. Majoras sold 12,872 shares of the company’s stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total value of $1,743,769.84. Also, Director Nelson Peltz sold 408,880 shares of the company’s stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $128.71, for a total transaction of $52,626,944.80. Following the completion of the sale, the director now directly owns 5,357 shares of the company’s stock, valued at $689,499.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,215 shares of company stock valued at $72,179,449. 0.70% of the stock is currently owned by insiders.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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