Greatmark Investment Partners Inc. lowered its stake in Procter & Gamble Co (NYSE:PG) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 10,870 shares of the company’s stock after selling 496 shares during the period. Greatmark Investment Partners Inc.’s holdings in Procter & Gamble were worth $999,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $62,000. Ruggie Capital Group grew its position in shares of Procter & Gamble by 691.3% during the 4th quarter. Ruggie Capital Group now owns 823 shares of the company’s stock valued at $76,000 after buying an additional 719 shares during the last quarter. Eukles Asset Management bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $80,000. Tributary Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $91,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $94,000. 61.11% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Deutsche Bank boosted their price objective on shares of Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Credit Suisse Group set a $100.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $111.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 23rd. Finally, UBS Group boosted their price objective on shares of Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and an average price target of $101.42.
In other news, insider Carolyn M. Tastad sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $105.85, for a total value of $421,283.00. Following the completion of the sale, the insider now directly owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $104.62, for a total transaction of $7,480,330.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,091 shares of company stock valued at $32,383,647. Company insiders own 1.84% of the company’s stock.
NYSE PG opened at $106.69 on Friday. Procter & Gamble Co has a 52 week low of $72.80 and a 52 week high of $108.68. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $268.97 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 3.43 and a beta of 0.39.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. Procter & Gamble’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 4.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $0.7459 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Wednesday, April 17th. Procter & Gamble’s dividend payout ratio is currently 70.62%.
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Procter & Gamble Profile
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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