Old Mutual Global Investors UK Ltd. Maintains Stake in Procter & Gamble Company (The) (PG)
Old Mutual Global Investors UK Ltd. held its stake in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,579 shares of the company’s stock at the close of the 2nd quarter. Old Mutual Global Investors UK Ltd.’s holdings in Procter & Gamble were worth $1,444,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Planning Services Ltd. raised its position in Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares in the last quarter. Blume Capital Management Inc. increased its holdings in shares of Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in shares of Procter & Gamble by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the period. Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble in the 1st quarter valued at $201,000. Finally, Winfield Associates Inc. increased its holdings in shares of Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after acquiring an additional 15 shares during the period. 59.54% of the stock is owned by institutional investors and hedge funds.
Shares of Procter & Gamble Company (NYSE:PG) traded down $0.15 during mid-day trading on Thursday, reaching $91.25. The company had a trading volume of 6,737,300 shares, compared to its average volume of 7,380,761. Procter & Gamble Company has a 1 year low of $82.71 and a 1 year high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The stock has a market cap of $231,877.97, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts predict that Procter & Gamble Company will post 4.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were paid a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble’s payout ratio is presently 48.51%.
A number of brokerages have recently issued reports on PG. Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a report on Tuesday, November 7th. Macquarie began coverage on Procter & Gamble in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target on the stock. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Morgan Stanley cut their price target on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Finally, Jefferies Group reiterated a “buy” rating and issued a $88.23 price target (down from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $87.81.
In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the sale, the insider now owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,575 shares of company stock worth $1,927,095. Company insiders own 0.35% of the company’s stock.
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About Procter & Gamble
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.
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