IFM Investors Pty Ltd boosted its position in shares of Procter & Gamble Co (NYSE:PG) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,858 shares of the company’s stock after buying an additional 12,144 shares during the quarter. Procter & Gamble accounts for approximately 1.1% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 16th largest position. IFM Investors Pty Ltd’s holdings in Procter & Gamble were worth $13,315,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eukles Asset Management bought a new stake in shares of Procter & Gamble during the fourth quarter worth $80,000. Tributary Capital Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $91,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $94,000. Ayalon Holdings Ltd. bought a new stake in shares of Procter & Gamble during the third quarter worth $108,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Procter & Gamble during the third quarter worth $111,000. 61.76% of the stock is owned by institutional investors.
In related news, Director Trian Fund Management, L.P. sold 1,208,754 shares of Procter & Gamble stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction dated 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. Insiders sold 2,270,496 shares of company stock valued at $224,931,027 over the last 90 days. 1.84% of the stock is currently owned by corporate insiders.
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. The firm had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $0.7459 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s payout ratio is presently 68.01%.
PG has been the subject of several research analyst reports. Zacks Investment Research reiterated a “hold” rating and set a $102.00 target price on shares of Procter & Gamble in a research report on Monday, December 31st. Barclays reiterated a “hold” rating and set a $89.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 8th. Bank of America reiterated a “buy” rating and set a $108.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 8th. Evercore ISI initiated coverage on Procter & Gamble in a research report on Thursday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $95.00 target price on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $97.74.
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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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