Procter & Gamble Co (PG) Shares Sold by Sprucegrove Investment Management Ltd.
Sprucegrove Investment Management Ltd. trimmed its stake in Procter & Gamble Co (NYSE:PG) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 238,200 shares of the company’s stock after selling 5,600 shares during the quarter. Procter & Gamble makes up 1.2% of Sprucegrove Investment Management Ltd.’s holdings, making the stock its 14th largest holding. Sprucegrove Investment Management Ltd.’s holdings in Procter & Gamble were worth $21,671,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Harding Loevner LP acquired a new stake in shares of Procter & Gamble in the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $125,000. Blume Capital Management Inc. boosted its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the period. Finally, Legacy Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $174,000. Institutional investors and hedge funds own 59.94% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) opened at $79.92 on Friday. Procter & Gamble Co has a 12-month low of $78.59 and a 12-month high of $94.67. The stock has a market capitalization of $202,750.00, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.55 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. Procter & Gamble’s dividend payout ratio is currently 73.60%.
PG has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price for the company. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Finally, Morgan Stanley raised their target price on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $88.38.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold 75,981 shares of company stock valued at $6,739,389 in the last ninety days. Insiders own 0.35% of the company’s stock.
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Procter & Gamble Company Profile
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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