Strategic Advisors LLC increased its position in shares of Procter & Gamble Co. (NYSE:PG) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,294 shares of the company’s stock after buying an additional 1,539 shares during the period. Procter & Gamble Co. accounts for 1.7% of Strategic Advisors LLC’s holdings, making the stock its 10th largest position. Strategic Advisors LLC’s holdings in Procter & Gamble Co. were worth $3,078,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Procter & Gamble Co. by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock worth $14,218,321,000 after buying an additional 3,029,476 shares during the period. State Street Corp raised its stake in Procter & Gamble Co. by 1.1% in the first quarter. State Street Corp now owns 116,920,706 shares of the company’s stock valued at $9,623,755,000 after buying an additional 1,310,690 shares in the last quarter. Capital World Investors raised its stake in Procter & Gamble Co. by 0.7% in the second quarter. Capital World Investors now owns 53,097,172 shares of the company’s stock valued at $4,495,738,000 after buying an additional 376,640 shares in the last quarter. BlackRock Fund Advisors raised its stake in Procter & Gamble Co. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 37,893,606 shares of the company’s stock valued at $3,208,452,000 after buying an additional 1,964,364 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in Procter & Gamble Co. by 1.1% in the second quarter. BlackRock Group LTD now owns 23,158,248 shares of the company’s stock valued at $1,960,808,000 after buying an additional 249,455 shares in the last quarter. 67.27% of the stock is owned by institutional investors.
Procter & Gamble Co. (NYSE:PG) traded down 0.47% on Monday, hitting $83.07. 6,990,064 shares of the stock traded hands. The stock has a 50-day moving average of $85.51 and a 200-day moving average of $85.44. Procter & Gamble Co. has a 12-month low of $74.46 and a 12-month high of $90.33. The firm has a market cap of $222.29 billion, a price-to-earnings ratio of 22.16 and a beta of 0.62.
Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, October 25th. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The company earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Analysts forecast that Procter & Gamble Co. will post $3.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were given a $0.6695 dividend. This represents a $2.68 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is 71.66%.
Several analysts have recently commented on PG shares. B. Riley reiterated a “buy” rating and issued a $106.00 price target on shares of Procter & Gamble Co. in a research report on Monday, November 21st. Vetr upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 price target on the stock in a research report on Tuesday, October 4th. Argus upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $88.54 to $103.00 in a research report on Wednesday, October 12th. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price on shares of Procter & Gamble Co. in a research report on Saturday, August 13th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $91.55.
In other news, insider Ciserani Giovanni sold 20,000 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $88.00, for a total value of $1,760,000.00. Following the completion of the sale, the insider now directly owns 65,053 shares in the company, valued at $5,724,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Price Matthew sold 3,081 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90. Following the completion of the sale, the insider now owns 14,962 shares of the company’s stock, valued at $1,300,197.80. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
Procter & Gamble Co. Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.