New England Research & Management Inc. Has $1.51 Million Stake in The Procter & Gamble Company (NYSE:PG)


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New England Research & Management Inc. increased its position in The Procter & Gamble Company (NYSE:PG) by 22.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,119 shares of the company’s stock after purchasing an additional 2,025 shares during the period. New England Research & Management Inc.’s holdings in The Procter & Gamble were worth $1,506,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MD Financial Management Inc. acquired a new position in The Procter & Gamble in the 4th quarter worth approximately $28,000. Greenhouse Wealth Management LLC acquired a new position in The Procter & Gamble in the 4th quarter worth approximately $31,000. Luken Investment Analytics LLC acquired a new position in The Procter & Gamble in the 4th quarter worth approximately $34,000. Flagship Private Wealth LLC acquired a new stake in shares of The Procter & Gamble during the 4th quarter valued at $36,000. Finally, Grant Street Asset Management Inc. acquired a new stake in shares of The Procter & Gamble during the 4th quarter valued at $43,000. 63.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on PG shares. Sanford C. Bernstein started coverage on shares of The Procter & Gamble in a report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price target on the stock. Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a report on Thursday, January 21st. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Friday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research report on Thursday, January 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $149.40.

NYSE:PG traded down $0.92 during trading hours on Monday, hitting $136.33. The stock had a trading volume of 135,837 shares, compared to its average volume of 8,178,678. The Procter & Gamble Company has a one year low of $111.25 and a one year high of $146.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The company has a market cap of $335.71 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 3.25 and a beta of 0.38. The business’s 50 day moving average is $130.82 and its 200-day moving average is $135.34.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. The company had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be given a $0.8698 dividend. The ex-dividend date is Thursday, April 22nd. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 2.55%. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

In related news, CEO Steven D. Bishop sold 3,173 shares of the firm’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $399,068.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Valarie L. Sheppard sold 1,811 shares of the firm’s stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. Insiders sold 629,838 shares of company stock worth $81,120,667 over the last three months. Insiders own 0.70% of the company’s stock.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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