Gofen & Glossberg LLC IL lowered its holdings in Procter & Gamble Co (NYSE:PG) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,265 shares of the company’s stock after selling 4,702 shares during the period. Procter & Gamble makes up about 2.7% of Gofen & Glossberg LLC IL’s holdings, making the stock its 5th biggest position. Gofen & Glossberg LLC IL’s holdings in Procter & Gamble were worth $68,137,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of PG. Bath Savings Trust Co grew its stake in Procter & Gamble by 0.4% in the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after buying an additional 110 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in shares of Procter & Gamble by 0.5% in the 4th quarter. CHICAGO TRUST Co NA now owns 24,299 shares of the company’s stock valued at $2,234,000 after purchasing an additional 130 shares in the last quarter. Patriot Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 5.1% in the 4th quarter. Patriot Wealth Management Inc. now owns 3,385 shares of the company’s stock valued at $311,000 after purchasing an additional 165 shares in the last quarter. Parkside Advisors LLC boosted its stake in shares of Procter & Gamble by 4.0% in the 4th quarter. Parkside Advisors LLC now owns 4,756 shares of the company’s stock valued at $437,000 after purchasing an additional 185 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Procter & Gamble by 7.1% in the 3rd quarter. Tortoise Investment Management LLC now owns 3,011 shares of the company’s stock valued at $251,000 after purchasing an additional 200 shares in the last quarter. 61.76% of the stock is currently owned by institutional investors.
PG stock traded up $0.20 during trading on Friday, hitting $106.05. 7,249,033 shares of the stock traded hands, compared to its average volume of 6,577,489. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $106.71. The company has a market capitalization of $267.35 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 3.43 and a beta of 0.38. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, April 17th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.
PG has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Bank of America reiterated a “buy” rating and set a $108.00 price target on shares of Procter & Gamble in a report on Tuesday, January 8th. Macquarie set a $110.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Tuesday, February 26th. SunTrust Banks upped their price objective on shares of Procter & Gamble to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Finally, Credit Suisse Group assumed coverage on shares of Procter & Gamble in a report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $97.74.
In other news, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $100.12, for a total transaction of $123,748.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $99.09, for a total transaction of $2,972,700.00. Following the completion of the transaction, the chairman now directly owns 223,849 shares of the company’s stock, valued at $22,181,197.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,270,496 shares of company stock worth $224,931,027. Insiders own 1.84% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/gofen-glossberg-llc-il-sells-4702-shares-of-procter-gamble-co-pg.html.
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.
See Also: Cost of Equity
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.