Telos Capital Management Inc. lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,931 shares of the company’s stock after selling 249 shares during the quarter. Telos Capital Management Inc.’s holdings in Procter & Gamble were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its stake in Procter & Gamble by 2.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 441,716 shares of the company’s stock worth $40,603,000 after buying an additional 11,559 shares during the last quarter. Harvey Investment Co. LLC boosted its stake in Procter & Gamble by 8.4% in the 4th quarter. Harvey Investment Co. LLC now owns 60,783 shares of the company’s stock worth $5,587,000 after buying an additional 4,700 shares during the last quarter. Questar Asset Management Inc. acquired a new stake in Procter & Gamble in the 4th quarter worth about $390,000. Arjuna Capital boosted its stake in Procter & Gamble by 15.6% in the 4th quarter. Arjuna Capital now owns 13,297 shares of the company’s stock worth $1,222,000 after buying an additional 1,799 shares during the last quarter. Finally, HCR Wealth Advisors acquired a new stake in Procter & Gamble in the 4th quarter worth about $4,560,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.
A number of analysts have issued reports on the company. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, May 10th. Deutsche Bank lifted their price objective on Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. UBS Group lifted their price objective on Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, January 21st. Finally, DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $101.42.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. Procter & Gamble’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Sell-side analysts expect that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $0.7459 per share. The ex-dividend date was Wednesday, April 17th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.78%. Procter & Gamble’s payout ratio is 70.62%.
In related news, Chairman David S. Taylor sold 23,045 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $107.95, for a total transaction of $2,487,707.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 3,027 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The disclosure for this sale can be found here. Insiders have sold a total of 353,089 shares of company stock worth $36,837,483 over the last three months. 1.84% of the stock is currently owned by corporate insiders.
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: Gross Domestic Product (GDP)
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