Ullmann Financial Group Inc. increased its stake in Procter & Gamble (NYSE:PG) by 275.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,127 shares of the company’s stock after purchasing an additional 38,966 shares during the period. Procter & Gamble makes up 3.3% of Ullmann Financial Group Inc.’s holdings, making the stock its 8th largest position. Ullmann Financial Group Inc.’s holdings in Procter & Gamble were worth $4,872,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $103,000. Cerebellum GP LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $122,000. James Investment Research Inc. boosted its stake in shares of Procter & Gamble by 400.0% during the 4th quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock worth $138,000 after buying an additional 1,200 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its stake in shares of Procter & Gamble by 140.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock worth $149,000 after buying an additional 947 shares during the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth about $173,000. 63.02% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on PG. JPMorgan Chase increased their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. 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. Morgan Stanley raised their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $82.85.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The firm had revenue of $16.28 billion for the quarter, compared to analysts’ expectations of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. equities analysts forecast that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were issued a $0.7172 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, April 19th. Procter & Gamble’s dividend payout ratio is currently 73.21%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven D. Bishop sold 2,075 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.87, for a total transaction of $149,130.25. Following the completion of the transaction, the insider now directly owns 42,524 shares in the company, valued at $3,056,199.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,456 shares of company stock worth $3,663,460. Insiders own 0.35% of the company’s stock.
About Procter & Gamble
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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