KDI Capital Partners LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 44.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,911 shares of the company’s stock after selling 8,045 shares during the quarter. KDI Capital Partners LLC’s holdings in Procter & Gamble were worth $864,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PG. Karp Capital Management Corp purchased a new position in Procter & Gamble in the 1st quarter valued at about $126,275,000. Bank of Nova Scotia lifted its stake in Procter & Gamble by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock valued at $110,256,000 after buying an additional 858,200 shares in the last quarter. British Airways Pensions Investment Management Ltd purchased a new position in Procter & Gamble in the 1st quarter valued at about $52,682,000. Schwab Charles Investment Management Inc. lifted its stake 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 buying an additional 533,340 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in Procter & Gamble by 8,419.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock worth $5,675,000 after purchasing an additional 488,771 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Ioannis Skoufalos sold 2,880 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $88.75, for a total value of $255,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The disclosure for this sale can be found here. Insiders sold a total of 20,277 shares of company stock valued at $1,811,430 in the last quarter. 0.35% of the stock is owned by insiders.
Shares of Procter & Gamble Company (PG) traded up $0.61 during midday trading on Monday, hitting $89.06. 2,220,759 shares of the stock were exchanged, compared to its average volume of 7,383,753. The firm has a market cap of $224,393.92, a P/E ratio of 22.22, a P/E/G ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter last year, the firm earned $1.03 EPS. The business’s revenue was up .8% compared to the same quarter last year. equities research analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.
A number of research analysts have weighed in on PG shares. Jefferies Group LLC reissued a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble in a research note on Thursday, September 7th. Bank of America Corporation raised their target price on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, August 1st. BidaskClub raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average target price of $87.81.
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Procter & Gamble Company 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.
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