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Strategic Financial Services Inc cut its holdings in Procter & Gamble Co (NYSE:PG) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,137 shares of the company’s stock after selling 1,678 shares during the quarter. Strategic Financial Services Inc’s holdings in Procter & Gamble were worth $3,743,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. increased its holdings in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after acquiring an additional 893,157 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after acquiring an additional 934,179 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after acquiring an additional 5,278,359 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) opened at $79.92 on Friday. Procter & Gamble Co has a one year low of $78.59 and a one year high of $94.67. The company has a market capitalization of $201,478.55, a P/E ratio of 21.37, a P/E/G ratio of 2.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. analysts forecast that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. Procter & Gamble’s dividend payout ratio is presently 73.80%.
In related news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the completion of the sale, the insider now directly owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The disclosure for this sale can be found here. Insiders sold 75,981 shares of company stock worth $6,739,389 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.
A number of research analysts have commented on the company. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a report on Monday, October 23rd. SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Stifel Nicolaus upped their target price on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Jefferies Group reiterated a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. Finally, Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.38.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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