Financial Partners Capital Management LLC lessened its holdings in Procter & Gamble Co (NYSE:PG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,027 shares of the company’s stock after selling 1,025 shares during the quarter. Procter & Gamble accounts for approximately 2.3% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Financial Partners Capital Management LLC’s holdings in Procter & Gamble were worth $12,103,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in PG. Asset Planning Services Ltd. raised 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 acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble during the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble during the third quarter worth $125,000. Blume Capital Management Inc. raised 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 acquiring an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC bought a new stake in Procter & Gamble during the third quarter worth $173,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.
PG has been the topic of several analyst reports. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday, January 8th. Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target on the stock. Finally, 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 report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Buy” and an average target price of $88.38.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. During the same period in the prior year, the company posted $1.08 earnings per share. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. research analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors 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 annualized dividend and a dividend yield of 3.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 74.59%.
In related news, insider Juan Fernando Posada sold 4,878 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $89.80, for a total value of $438,044.40. Following the transaction, the insider now directly owns 25,429 shares in the company, valued at $2,283,524.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen B. Fish sold 10,192 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total transaction of $886,398.24. The disclosure for this sale can be found here. Insiders sold 70,681 shares of company stock worth $6,266,735 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
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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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