WINTON GROUP Ltd lessened its holdings in shares of Procter & Gamble Co (NYSE:PG) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,085 shares of the company’s stock after selling 31,376 shares during the quarter. Procter & Gamble makes up 0.8% of WINTON GROUP Ltd’s portfolio, making the stock its 18th biggest position. WINTON GROUP Ltd’s holdings in Procter & Gamble were worth $26,392,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PG. Asset Planning Services Ltd. raised its holdings in 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 purchasing an additional 5 shares in the last quarter. Harding Loevner LP bought a new position in Procter & Gamble in the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC bought a new position in Procter & Gamble in the third quarter worth $125,000. Blume Capital Management Inc. raised its holdings in 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 purchasing an additional 300 shares in the last quarter. Finally, Litman Gregory Asset Management LLC bought a new position in Procter & Gamble in the third quarter worth $173,000. Institutional investors own 61.05% of the company’s stock.
A number of equities analysts have issued reports on PG shares. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, January 8th. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Tuesday, January 16th. Morgan Stanley increased their price objective on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Deutsche Bank began coverage on Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $87.37.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same period last year, the firm posted $1.08 earnings per share. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. research analysts predict that Procter & Gamble Co will post 4.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.46%. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.23%.
In other Procter & Gamble news, insider Deborah P. Majoras sold 4,591 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’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 have sold 114,011 shares of company stock worth $9,710,976 over the last ninety days. 0.35% of the stock is currently owned by insiders.
Procter & Gamble 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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