Procter & Gamble Co (PG) Shares Sold by Clear Perspective Advisors LLC
Clear Perspective Advisors LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,034 shares of the company’s stock after selling 550 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Procter & Gamble were worth $922,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PG. Bank of New York Mellon Corp increased its holdings in shares of Procter & Gamble by 5,578,292.9% during the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock worth $2,028,947,000 after purchasing an additional 24,377,140 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Procter & Gamble by 23.8% during the third quarter. TIAA CREF Investment Management LLC now owns 10,793,640 shares of the company’s stock worth $898,355,000 after purchasing an additional 2,078,176 shares during the period. C WorldWide Group Holding A S increased its holdings in shares of Procter & Gamble by 125.1% during the third quarter. C WorldWide Group Holding A S now owns 3,266,283 shares of the company’s stock worth $271,853,000 after purchasing an additional 1,815,368 shares during the period. Morgan Stanley increased its holdings in shares of Procter & Gamble by 11.3% during the third quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock worth $1,463,528,000 after purchasing an additional 1,784,225 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Procter & Gamble by 46.2% during the third quarter. Prudential Financial Inc. now owns 5,268,486 shares of the company’s stock worth $438,496,000 after purchasing an additional 1,665,790 shares during the period. 61.91% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on PG. Macquarie set a $110.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Tuesday, February 26th. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Credit Suisse Group set a $100.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, May 10th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $111.00 target price on shares of Procter & Gamble in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $101.42.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities analysts predict that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.90%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is 70.62%.
In related news, Chairman David S. Taylor sold 20,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $106.83, for a total value of $2,136,600.00. Following the transaction, the chairman now directly owns 246,837 shares of the company’s stock, valued at $26,369,596.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the transaction, the chief executive officer now directly owns 256,088 shares in the company, valued at $26,889,240. The disclosure for this sale can be found here. Insiders sold 320,840 shares of company stock worth $33,904,086 over the last three months. 1.84% of the stock is currently owned by insiders.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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