Opus Capital Group LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,836 shares of the company’s stock after selling 47,718 shares during the quarter. Procter & Gamble makes up 2.1% of Opus Capital Group LLC’s holdings, making the stock its 6th largest holding. Opus Capital Group LLC’s holdings in Procter & Gamble were worth $10,618,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its position in Procter & Gamble by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock valued at $1,006,511,000 after acquiring an additional 533,340 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Procter & Gamble by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,635,829 shares of the company’s stock worth $752,613,000 after buying an additional 370,067 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Procter & Gamble by 0.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock worth $701,106,000 after buying an additional 69,511 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Procter & Gamble by 2.4% in the 2nd quarter. Acadian Asset Management LLC now owns 4,532,526 shares of the company’s stock worth $395,010,000 after buying an additional 106,509 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 1.6% in the 2nd quarter. TD Asset Management Inc. now owns 4,448,094 shares of the company’s stock worth $387,652,000 after buying an additional 68,266 shares during the period. 59.53% of the stock is currently owned by institutional investors.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,277 shares of company stock valued at $1,811,430 over the last 90 days. 0.35% of the stock is currently owned by company insiders.
Several brokerages have weighed in on PG. Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 target price (up from $98.00) on shares of Procter & Gamble in a report on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 target price (down from $103.00) on shares of Procter & Gamble in a report on Thursday, August 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 target price on shares of Procter & Gamble in a report on Wednesday, September 6th. BidaskClub upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Vetr upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.81.
Shares of Procter & Gamble Company (PG) traded up $0.12 during midday trading on Friday, hitting $88.45. The company had a trading volume of 2,200,000 shares, compared to its average volume of 5,765,209. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $224,393.92, a PE ratio of 22.22, a P/E/G ratio of 2.85 and a beta of 0.66. Procter & Gamble Company has a 1 year low of $81.18 and a 1 year high of $94.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. analysts predict that Procter & Gamble Company will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 48.51%.
Procter & Gamble Profile
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.
Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.