Kanawha Capital Management LLC Has $16.14 Million Holdings in Procter & Gamble Co (PG)

Kanawha Capital Management LLC grew its holdings in Procter & Gamble Co (NYSE:PG) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,584 shares of the company’s stock after purchasing an additional 343 shares during the period. Procter & Gamble comprises approximately 2.5% of Kanawha Capital Management LLC’s holdings, making the stock its 5th largest holding. Kanawha Capital Management LLC’s holdings in Procter & Gamble were worth $16,140,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PG. Vanguard Group Inc. grew its holdings in Procter & Gamble by 0.5% in the third quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after purchasing an additional 853,269 shares during the period. Vanguard Group Inc grew its holdings in Procter & Gamble by 0.5% in the third quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after purchasing an additional 853,269 shares during the period. Bank of New York Mellon Corp grew its holdings in Procter & Gamble by 5,578,292.9% in the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares during the period. FMR LLC grew its holdings in Procter & Gamble by 6.7% in the third quarter. FMR LLC now owns 19,135,225 shares of the company’s stock valued at $1,592,625,000 after purchasing an additional 1,196,630 shares during the period. Finally, Morgan Stanley grew its holdings in Procter & Gamble by 11.3% in the third quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock valued at $1,463,528,000 after purchasing an additional 1,784,225 shares during the period. Institutional investors and hedge funds own 61.56% of the company’s stock.

NYSE PG traded up $1.77 during trading hours on Friday, hitting $106.01. 5,722,068 shares of the company were exchanged, compared to its average volume of 6,875,953. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. Procter & Gamble Co has a 52-week low of $72.60 and a 52-week high of $107.20. The company has a market cap of $262.79 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Equities research analysts anticipate that Procter & Gamble Co will post 4.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.7459 per share. This is a boost 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 of this dividend is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio is currently 70.62%.

PG has been the topic of a number of research analyst reports. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, January 21st. Macquarie set a $110.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $101.42.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $105.85, for a total transaction of $421,283.00. Following the completion of the sale, the insider now directly owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 26,891 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total value of $2,859,051.12. Following the sale, the vice president now directly owns 51,323 shares of the company’s stock, valued at $5,456,661.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,395,853 shares of company stock valued at $238,731,876. 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.

See Also: 52-Week High/Low

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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