Procter & Gamble Company (The) (PG) Position Maintained by Kimelman & Baird LLC
Kimelman & Baird LLC continued to hold its position in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,800 shares of the company’s stock at the close of the 2nd quarter. Kimelman & Baird LLC’s holdings in Procter & Gamble were worth $2,510,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. lifted its holdings in Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble during the 2nd quarter valued at about $119,000. Blume Capital Management Inc. lifted its holdings in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after buying an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Procter & Gamble by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares in the last quarter. Finally, Winfield Associates Inc. lifted its holdings in Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.
A number of brokerages recently weighed in on PG. Jefferies Group reiterated a “buy” rating and set a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Vetr upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a report on Friday, September 15th. Macquarie began coverage on shares of Procter & Gamble in a report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective for the company. Bank of America lifted their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.31.
Procter & Gamble Company (PG) opened at $91.89 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a 12-month low of $83.24 and a 12-month high of $94.67. The company has a market cap of $230,863.17, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. equities research analysts expect that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
In other news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.
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Procter & Gamble Company 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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