Sonata Capital Group Inc. Decreases Stake in Procter & Gamble Co (PG)
Sonata Capital Group Inc. lessened its position in Procter & Gamble Co (NYSE:PG) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,341 shares of the company’s stock after selling 1,050 shares during the quarter. Sonata Capital Group Inc.’s holdings in Procter & Gamble were worth $486,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. lifted its position in Procter & Gamble by 0.4% during 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 in the last quarter. Harding Loevner LP purchased a new position in Procter & Gamble during the second quarter worth approximately $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in Procter & Gamble during the third quarter worth approximately $125,000. Blume Capital Management Inc. lifted its position in Procter & Gamble by 25.4% during 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 in the last quarter. Finally, Legacy Advisors LLC purchased a new position in Procter & Gamble during the third quarter worth approximately $174,000. Institutional investors and hedge funds own 59.57% of the company’s stock.
Several equities research analysts have issued reports on PG shares. Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research note on Tuesday. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a research note on Monday, October 23rd. Jefferies Group reissued a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Finally, Stifel Nicolaus set a $87.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average target price of $88.51.
In other news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction on Monday, November 13th. The shares were 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 directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders sold 18,719 shares of company stock valued at $1,661,544 over the last ninety days. Insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Co (NYSE:PG) opened at $91.20 on Thursday. Procter & Gamble Co has a one year low of $84.28 and a one year high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $228,884.36, a price-to-earnings ratio of 16.03, a PEG ratio of 2.89 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up .8% on a year-over-year basis. sell-side analysts predict that Procter & Gamble Co will post 4.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.02%. Procter & Gamble’s payout ratio is presently 48.51%.
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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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