Abbrea Capital LLC Boosts Position in Procter & Gamble (PG)

Abbrea Capital LLC boosted its stake in Procter & Gamble (NYSE:PG) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,584 shares of the company’s stock after acquiring an additional 1,866 shares during the quarter. Procter & Gamble accounts for 1.1% of Abbrea Capital LLC’s portfolio, making the stock its 26th largest position. Abbrea Capital LLC’s holdings in Procter & Gamble were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. ACR Alpine Capital Research LLC increased its stake in Procter & Gamble by 0.8% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,001 shares of the company’s stock valued at $262,000 after buying an additional 25 shares during the last quarter. JT Stratford LLC increased its stake in Procter & Gamble by 0.6% in the 2nd quarter. JT Stratford LLC now owns 4,060 shares of the company’s stock valued at $354,000 after buying an additional 25 shares during the last quarter. American Asset Management Inc. increased its stake in Procter & Gamble by 1.2% in the 2nd quarter. American Asset Management Inc. now owns 4,036 shares of the company’s stock valued at $352,000 after buying an additional 49 shares during the last quarter. Ken Stern & Associates Inc. increased its stake in Procter & Gamble by 0.8% in the 2nd quarter. Ken Stern & Associates Inc. now owns 6,189 shares of the company’s stock valued at $540,000 after buying an additional 50 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in Procter & Gamble by 0.7% in the 2nd quarter. Krilogy Financial LLC now owns 6,938 shares of the company’s stock valued at $605,000 after buying an additional 50 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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Shares of PG opened at $78.43 on Wednesday. Procter & Gamble has a 52 week low of $75.81 and a 52 week high of $94.67. The stock has a market capitalization of $197,571.08, a P/E ratio of 20.01, a P/E/G ratio of 2.49 and a beta of 0.56. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $17.39 billion. During the same quarter in the prior year, the business earned $1.08 EPS. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. equities analysts expect that Procter & Gamble will post 4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.66%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio is 70.41%.

Several equities research analysts have issued reports on the stock. Berenberg Bank assumed coverage on shares of Procter & Gamble in a research note on Wednesday, February 28th. They issued a “sell” rating and a $78.50 price target on the stock. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target on the stock in a research note on Thursday, February 1st. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Bank of America lowered their price target on shares of Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 12th. Finally, SunTrust Banks restated a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.52.

In other Procter & Gamble news, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by company insiders.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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