Zions Bancorporation acquired a new stake in shares of Procter & Gamble Co (NYSE:PG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 26,766 shares of the company’s stock, valued at approximately $2,228,000. Procter & Gamble makes up approximately 0.5% of Zions Bancorporation’s holdings, making the stock its 19th largest position.
Several other institutional investors also recently bought and sold shares of PG. WESPAC Advisors LLC raised its position in Procter & Gamble by 99.8% in the 3rd quarter. WESPAC Advisors LLC now owns 6,193 shares of the company’s stock worth $515,000 after purchasing an additional 3,094 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Procter & Gamble by 174.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 43,596 shares of the company’s stock worth $3,900,000 after acquiring an additional 27,696 shares during the last quarter. Marathon Asset Management LLP grew its holdings in Procter & Gamble by 12.1% in the 3rd quarter. Marathon Asset Management LLP now owns 1,948,693 shares of the company’s stock worth $162,187,000 after acquiring an additional 210,629 shares during the last quarter. Beaumont Financial Partners LLC grew its holdings in Procter & Gamble by 17.5% in the 3rd quarter. Beaumont Financial Partners LLC now owns 14,306 shares of the company’s stock worth $1,191,000 after acquiring an additional 2,130 shares during the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC grew its holdings in Procter & Gamble by 1.8% in the 3rd quarter. Franklin Parlapiano Turner & Welch LLC now owns 53,553 shares of the company’s stock worth $4,457,000 after acquiring an additional 945 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.
NYSE:PG opened at $97.44 on Wednesday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $98.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. The stock has a market cap of $245.72 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Procter & Gamble’s quarterly revenue was up .2% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, January 17th. Procter & Gamble’s payout ratio is currently 68.01%.
A number of equities research analysts have issued reports on the stock. Morgan Stanley raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $106.00 in a report on Thursday, December 13th. Wells Fargo & Co reaffirmed a “hold” rating and set a $91.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Berenberg Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and lifted their target price for the company from $86.00 to $92.00 in a research note on Thursday, January 24th. SunTrust Banks lifted their target price on shares of Procter & Gamble to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $95.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $95.00.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 228,905 shares of Procter & Gamble stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total value of $21,031,791.40. Following the completion of the transaction, the insider now directly owns 209,033 shares of the company’s stock, valued at $19,205,952.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Theresa Grabowski sold 16,712 shares of Procter & Gamble stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.35, for a total transaction of $1,526,641.20. Following the completion of the transaction, the insider now directly owns 6,715 shares of the company’s stock, valued at $613,415.25. The disclosure for this sale can be found here. Insiders have sold 563,908 shares of company stock worth $52,315,400 in the last three months. 1.84% of the stock is currently owned by insiders.
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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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