Procter & Gamble Company (The) (PG) Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 72,740 shares of the company’s stock after acquiring an additional 5,600 shares during the period. Procter & Gamble makes up approximately 1.1% of Carret Asset Management LLC’s holdings, making the stock its 22nd biggest position. Carret Asset Management LLC’s holdings in Procter & Gamble were worth $6,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trillium Asset Management LLC lifted its stake in Procter & Gamble by 2.0% during the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after acquiring an additional 3,387 shares during the period. Holderness Investments Co. lifted its stake in shares of Procter & Gamble by 78.2% in the 1st quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock worth $1,929,000 after purchasing an additional 9,419 shares during the period. Barrett Asset Management LLC lifted its stake in shares of Procter & Gamble by 3.3% in the 2nd quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock worth $11,974,000 after purchasing an additional 4,325 shares during the period. Thomaspartners Inc. lifted its stake in shares of Procter & Gamble by 9.9% in the 1st quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock worth $223,148,000 after purchasing an additional 224,714 shares during the period. Finally, Whittier Trust Co. lifted its stake in shares of Procter & Gamble by 0.7% in the 2nd quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock worth $25,099,000 after purchasing an additional 2,113 shares during the period. Institutional investors and hedge funds own 59.54% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded down $0.04 during trading on Tuesday, reaching $90.19. 2,987,196 shares of the company traded hands, compared to its average volume of 7,363,412. The stock has a market cap of $229,264.91, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. Procter & Gamble Company has a one year low of $83.24 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.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. analysts predict that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 48.51%.

In other Procter & Gamble news, insider Juan Fernando Posada sold 4,878 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the sale, the insider now directly owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,575 shares of company stock valued at $1,927,095. Insiders own 0.35% of the company’s stock.

Several brokerages have recently weighed in on PG. Jefferies Group reiterated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a research note on Monday, October 23rd. Bank of America increased their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $87.81.

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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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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