Amussen Hunsaker Associates LLC grew its stake in Procter & Gamble Co (NYSE:PG) by 867.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,290 shares of the company’s stock after buying an additional 10,123 shares during the period. Procter & Gamble makes up approximately 0.7% of Amussen Hunsaker Associates LLC’s holdings, making the stock its 24th biggest position. Amussen Hunsaker Associates LLC’s holdings in Procter & Gamble were worth $1,056,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in PG. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its stake in shares of Procter & Gamble by 17.1% in the third quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock worth $7,087,000 after purchasing an additional 12,410 shares during the period. Whitener Capital Management Inc. increased its stake in shares of Procter & Gamble by 4.4% in the second quarter. Whitener Capital Management Inc. now owns 25,952 shares of the company’s stock worth $2,025,000 after purchasing an additional 1,084 shares during the period. Chemical Bank increased its stake in shares of Procter & Gamble by 2.0% in the third quarter. Chemical Bank now owns 107,731 shares of the company’s stock worth $8,966,000 after purchasing an additional 2,141 shares during the period. Peoples Financial Services CORP. increased its stake in shares of Procter & Gamble by 7.4% in the third quarter. Peoples Financial Services CORP. now owns 69,301 shares of the company’s stock worth $5,767,000 after purchasing an additional 4,775 shares during the period. Finally, Truepoint Inc. increased its stake in shares of Procter & Gamble by 1,148.6% in the second quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock worth $23,407,000 after purchasing an additional 275,846 shares during the period. 60.74% of the stock is owned by institutional investors.
In other news, Director Trian Fund Management, L.P. sold 1,208,754 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $99.08, for a total value of $119,763,346.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Valarie L. Sheppard sold 1,236 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,270,496 shares of company stock worth $224,931,027. Corporate insiders own 1.84% of the company’s stock.
A number of equities analysts have recently commented on PG shares. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 price objective on the stock in a research note on Thursday, December 13th. Citigroup lifted their price objective on Procter & Gamble from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday, December 10th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Wednesday, December 19th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Finally, Macquarie set a $110.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Tuesday, February 26th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $96.21.
Shares of PG opened at $101.32 on Friday. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $101.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. The stock has a market cap of $252.23 billion, a P/E ratio of 24.01, a PEG ratio of 3.26 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same period in the prior year, the company posted $1.19 EPS. The company’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, January 18th were paid a $0.7172 dividend. The ex-dividend date was Thursday, January 17th. This represents a $2.87 annualized dividend and a dividend yield of 2.83%. Procter & Gamble’s dividend payout ratio is currently 68.01%.
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About Procter & Gamble
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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