Procter & Gamble Company (The) $PG Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 24.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 105,235 shares of the company’s stock after purchasing an additional 20,523 shares during the period. Dakota Wealth Management’s holdings in Procter & Gamble were worth $15,081,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank raised its position in shares of Procter & Gamble by 3.8% in the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after buying an additional 21,825 shares during the period. Westerkirk Capital Inc. purchased a new stake in Procter & Gamble during the second quarter valued at about $4,796,000. Vega Investment Solutions increased its stake in Procter & Gamble by 1.3% during the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after acquiring an additional 8,500 shares during the last quarter. Triodos Investment Management BV raised its holdings in shares of Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after purchasing an additional 17,400 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $7,891,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $142.76 on Friday. The firm has a market capitalization of $331.78 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.76 and a beta of 0.37. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The stock’s 50 day moving average price is $153.93 and its 200 day moving average price is $150.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Activity

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the transaction, the chief executive officer owned 1,029 shares in the company, valued at $170,083.41. The trade was a 84.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,618 shares of company stock worth $55,462,643 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group boosted their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Rothschild & Co Redburn boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their target price for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Further Reading

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

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