Emancipation Management LLC maintained its position in shares of Procter & Gamble Co (NYSE:PG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,739 shares of the company’s stock at the end of the fourth quarter. Procter & Gamble Co accounts for about 1.1% of Emancipation Management LLC’s investment portfolio, making the stock its 22nd largest position. Emancipation Management LLC’s holdings in Procter & Gamble Co were worth $650,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. American National Bank raised its stake in Procter & Gamble Co by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock valued at $102,000 after buying an additional 788 shares during the period. Benson Investment Management Company Inc. bought a new stake in Procter & Gamble Co during the fourth quarter valued at about $147,000. JJJ Advisors Inc. bought a new stake in Procter & Gamble Co during the fourth quarter valued at about $149,000. New Capital Management LP bought a new stake in Procter & Gamble Co during the fourth quarter valued at about $210,000. Finally, Loudon Investment Management LLC raised its stake in Procter & Gamble Co by 1.9% in the fourth quarter. Loudon Investment Management LLC now owns 2,515 shares of the company’s stock valued at $211,000 after buying an additional 48 shares during the period. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Procter & Gamble Co (NYSE:PG) traded down 0.79% during midday trading on Friday, reaching $88.62. The company’s stock had a trading volume of 9,061,218 shares. Procter & Gamble Co has a 52-week low of $79.10 and a 52-week high of $92.00. The stock has a 50-day moving average price of $90.34 and a 200-day moving average price of $87.21. The stock has a market cap of $226.56 billion, a price-to-earnings ratio of 16.24 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.11%. This is an increase from Procter & Gamble Co’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, April 19th. Procter & Gamble Co’s dividend payout ratio (DPR) is currently 48.73%.
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Several analysts recently weighed in on PG shares. B. Riley lowered Procter & Gamble Co from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $106.00 to $91.00 in a research note on Monday, March 6th. Jefferies Group LLC raised their price objective on Procter & Gamble Co from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Royal Bank of Canada set a $76.00 price objective on Procter & Gamble Co and gave the company a “hold” rating in a research note on Monday, January 2nd. Zacks Investment Research raised Procter & Gamble Co from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Goldman Sachs Group Inc lowered Procter & Gamble Co from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $86.00 to $77.00 in a research note on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.19.
In other news, insider Juan Fernando Posada sold 7,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $86.75, for a total value of $607,250.00. Following the transaction, the insider now directly owns 21,989 shares in the company, valued at approximately $1,907,545.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 47,252 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $87.14, for a total value of $4,117,539.28. Following the completion of the transaction, the insider now owns 151,643 shares in the company, valued at $13,214,171.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 401,936 shares of company stock worth $35,928,133. Company insiders own 0.35% of the company’s stock.
Procter & Gamble Co 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.
