Allianz SE bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 106,691 shares of the company's stock, valued at approximately $17,827,000.
A number of other large investors have also recently made changes to their positions in the stock. WealthTrak Capital Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth $45,000. Intrust Bank NA increased its stake in shares of Procter & Gamble by 4.2% during the fourth quarter. Intrust Bank NA now owns 19,489 shares of the company's stock valued at $3,267,000 after buying an additional 777 shares during the period. Biondo Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 0.8% in the fourth quarter. Biondo Investment Advisors LLC now owns 77,238 shares of the company's stock valued at $12,949,000 after acquiring an additional 649 shares in the last quarter. Allstate Corp lifted its stake in Procter & Gamble by 3,290.6% in the fourth quarter. Allstate Corp now owns 69,914 shares of the company's stock worth $11,721,000 after acquiring an additional 67,852 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Procter & Gamble by 6.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 383,272 shares of the company's stock worth $64,256,000 after acquiring an additional 21,582 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
Procter & Gamble stock traded up $2.46 during trading hours on Monday, hitting $170.49. 6,665,114 shares of the stock traded hands, compared to its average volume of 6,907,750. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The stock has a market capitalization of $399.78 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm's 50 day moving average price is $168.60 and its 200-day moving average price is $169.31.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on PG. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. DA Davidson restated a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $181.82.
Read Our Latest Analysis on Procter & Gamble
About Procter & Gamble
(
Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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