Mitchell Sinkler & Starr PA reduced its position in Procter & Gamble Co (NYSE:PG) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,541 shares of the company’s stock after selling 2,206 shares during the period. Procter & Gamble makes up approximately 2.7% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 8th largest holding. Mitchell Sinkler & Starr PA’s holdings in Procter & Gamble were worth $2,164,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in Procter & Gamble by 17.1% during the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock worth $7,087,000 after acquiring an additional 12,410 shares in the last quarter. Windsor Group LTD raised its position in shares of Procter & Gamble by 19.0% in the 4th quarter. Windsor Group LTD now owns 7,712 shares of the company’s stock valued at $709,000 after purchasing an additional 1,233 shares in the last quarter. Chemical Bank raised its position in shares of Procter & Gamble by 2.0% in the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock valued at $8,966,000 after purchasing an additional 2,141 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Radnor Capital Management LLC now owns 60,503 shares of the company’s stock valued at $5,561,000 after purchasing an additional 735 shares in the last quarter. Finally, Telemus Capital LLC raised its position in shares of Procter & Gamble by 6.2% in the 3rd quarter. Telemus Capital LLC now owns 28,618 shares of the company’s stock valued at $2,382,000 after purchasing an additional 1,676 shares in the last quarter. 61.81% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Macquarie set a $110.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Barclays reaffirmed a “hold” rating and issued a $94.00 target price on shares of Procter & Gamble in a research report on Friday, January 25th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Monday, January 21st. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday. Finally, Evercore ISI assumed coverage on Procter & Gamble in a research report on Thursday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $101.42.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.51% and a net margin of 16.44%. The business had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the business earned $1.00 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co will post 4.46 EPS for the current year.
The company 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 $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s payout ratio is 70.62%.
In other news, Chairman David S. Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the sale, the chairman now directly owns 223,849 shares in the company, valued at approximately $22,181,197.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,208,754 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $99.08, for a total value of $119,763,346.32. The disclosure for this sale can be found here. Insiders sold a total of 2,306,657 shares of company stock valued at $228,716,226 over the last quarter. Company insiders own 1.84% of the company’s stock.
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Procter & Gamble Profile
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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