Procter & Gamble Co (PG) Holdings Lowered by NS Partners Ltd
NS Partners Ltd lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,749 shares of the company’s stock after selling 767 shares during the quarter. NS Partners Ltd’s holdings in Procter & Gamble were worth $9,097,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $103,000. Twin Tree Management LP bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $144,000. Clearwater Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $154,000. Corbyn Investment Management Inc. MD bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $157,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $171,000. 59.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Wells Fargo & Co reaffirmed a “hold” rating and issued a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank lifted their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Procter & Gamble in a report on Wednesday, August 1st. Finally, SunTrust Banks lifted their price target on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.79.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. sell-side analysts expect that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Friday, July 20th were issued a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.43%. Procter & Gamble’s payout ratio is 68.01%.
In other news, insider Juan Fernando Posada sold 3,080 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.98, for a total transaction of $252,498.40. Following the completion of the transaction, the insider now directly owns 27,278 shares in the company, valued at approximately $2,236,250.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary A. Coombe sold 1,529 shares of the business’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $74.25, for a total transaction of $113,528.25. Following the transaction, the insider now owns 5,235 shares of the company’s stock, valued at $388,698.75. The disclosure for this sale can be found here. Insiders have sold a total of 101,968 shares of company stock worth $8,189,479 in the last three months. Insiders own 0.35% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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