Procter & Gamble Co (PG) Holdings Reduced by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC reduced its position in Procter & Gamble Co (NYSE:PG) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 947,196 shares of the company’s stock after selling 45,125 shares during the quarter. Procter & Gamble comprises about 0.9% of Nisa Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Nisa Investment Advisors LLC’s holdings in Procter & Gamble were worth $87,027,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble by 0.4% in 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. Harding Loevner LP acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $125,000. Blume Capital Management Inc. boosted its stake 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 purchasing an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $173,000. Institutional investors own 61.05% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Jefferies Group restated a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Wells Fargo & Co reiterated a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Berenberg Bank initiated coverage on shares of Procter & Gamble in a research report on Wednesday, February 28th. They set a “sell” rating and a $78.50 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Buy” and a consensus target price of $87.37.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 17.56% and a return on equity of 21.95%. The firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same quarter last year, the business earned $1.08 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts forecast that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.49%. Procter & Gamble’s payout ratio is 70.23%.
In other news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock valued at $9,710,976. 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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