Airain ltd Has $4.55 Million Position in Procter & Gamble Company (The) (PG)
Airain ltd cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 70.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,247 shares of the company’s stock after selling 127,416 shares during the quarter. Airain ltd’s holdings in Procter & Gamble were worth $4,553,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PG. American Century Companies Inc. boosted its position in Procter & Gamble by 8.1% during the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after purchasing an additional 934,179 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Procter & Gamble by 4.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock worth $1,006,511,000 after purchasing an additional 533,340 shares in the last quarter. Fisher Asset Management LLC boosted its position in Procter & Gamble by 4.5% during the second quarter. Fisher Asset Management LLC now owns 8,635,829 shares of the company’s stock worth $752,613,000 after purchasing an additional 370,067 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Procter & Gamble by 1.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,930,380 shares of the company’s stock worth $691,133,000 after purchasing an additional 127,312 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Procter & Gamble by 0.8% during the second quarter. Prudential Financial Inc. now owns 5,628,918 shares of the company’s stock worth $490,561,000 after purchasing an additional 45,286 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.
A number of analysts have commented on PG shares. BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group reiterated a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble in a research report on Thursday, August 17th. Bank of America boosted their target price on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $87.81.
In related news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the transaction, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. Insiders own 0.35% of the company’s stock.
Procter & Gamble Company (PG) traded up $0.09 during midday trading on Tuesday, hitting $91.50. The stock had a trading volume of 1,777,042 shares, compared to its average volume of 7,377,933. Procter & Gamble Company has a 12 month low of $82.48 and a 12 month high of $94.67. The firm has a market capitalization of $229,239.53, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.01%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.
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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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