Garland Capital Management Inc. cut its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,616 shares of the company's stock after selling 3,485 shares during the period. Procter & Gamble makes up 4.6% of Garland Capital Management Inc.'s holdings, making the stock its 6th largest position. Garland Capital Management Inc.'s holdings in Procter & Gamble were worth $5,636,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares during the last quarter. FMR LLC lifted its holdings in shares of Procter & Gamble by 2.7% in the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company's stock valued at $4,599,554,000 after buying an additional 689,282 shares during the period. Franklin Resources Inc. boosted its stake in shares of Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock worth $3,290,573,000 after buying an additional 1,760,214 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Procter & Gamble by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after acquiring an additional 312,203 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Procter & Gamble by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company's stock valued at $2,830,252,000 after acquiring an additional 459,437 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Price Performance
PG traded down $2.75 on Tuesday, hitting $162.90. 8,365,995 shares of the company's stock were exchanged, compared to its average volume of 6,476,854. The firm has a 50-day moving average price of $168.11 and a 200-day moving average price of $169.58. The stock has a market cap of $381.98 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the prior year, the company earned $1.84 EPS. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.47.
View Our Latest Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In related news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 in the last three months. 0.18% of the stock is owned by corporate insiders.
Procter & Gamble Company Profile
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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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