Procter & Gamble Co (PG) Stake Boosted by Autus Asset Management LLC
Autus Asset Management LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 23.4% in the third quarter, HoldingsChannel.com reports. The fund owned 17,555 shares of the company’s stock after buying an additional 3,331 shares during the quarter. Autus Asset Management LLC’s holdings in Procter & Gamble were worth $1,597,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after acquiring an additional 5,278,359 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Procter & Gamble by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after acquiring an additional 4,165,862 shares during the period. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares during the period. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Procter & Gamble by 30.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock worth $553,334,000 after acquiring an additional 1,487,095 shares during the period. 59.94% of the stock is owned by hedge funds and other institutional investors.
In other Procter & Gamble news, insider Kathleen B. Fish sold 10,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s 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 sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,981 shares of company stock worth $6,739,389. Company insiders own 0.35% of the company’s stock.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts predict that Procter & Gamble Co will post 4.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.44%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.60%.
A number of research firms have recently weighed in on PG. Vetr lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective for the company. in a research note on Tuesday, November 7th. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley decreased their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Finally, Jefferies Group reiterated a “buy” rating and issued a $88.23 target price (down from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Buy” and a consensus target price of $88.38.
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.
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.