Bradley Foster & Sargent Inc. CT Sells 6,140 Shares of Procter & Gamble Company (The) $PG

Bradley Foster & Sargent Inc. CT decreased its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,753 shares of the company’s stock after selling 6,140 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Procter & Gamble were worth $28,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Finally, Basso Capital Management L.P. purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $28,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. Wells Fargo & Company boosted their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Raymond James Financial dropped their price target on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. TD Cowen lifted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Bank of America reduced their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.74.

Get Our Latest Stock Report on PG

Procter & Gamble Stock Up 0.2%

Shares of NYSE:PG opened at $147.30 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The firm has a market capitalization of $343.00 billion, a P/E ratio of 21.53, a P/E/G ratio of 7.33 and a beta of 0.39. The stock has a 50 day moving average price of $147.33 and a 200-day moving average price of $148.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.60%.

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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

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