Pinnacle Associates Ltd. Acquires 1,848 Shares of Procter & Gamble Co (PG)
Pinnacle Associates Ltd. increased its holdings in Procter & Gamble Co (NYSE:PG) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 245,354 shares of the company’s stock after buying an additional 1,848 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Procter & Gamble were worth $22,322,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of PG. Trillium Asset Management LLC increased its holdings in shares of Procter & Gamble by 2.0% during the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after buying an additional 3,387 shares in the last quarter. Barrett Asset Management LLC increased its holdings in shares of Procter & Gamble by 3.3% during the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock worth $11,974,000 after buying an additional 4,325 shares in the last quarter. Aviva PLC increased its holdings in shares of Procter & Gamble by 1.7% during the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock worth $158,162,000 after buying an additional 30,897 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Procter & Gamble by 1,094.3% during the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after buying an additional 675,013 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in shares of Procter & Gamble by 21.9% during the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock worth $686,000 after buying an additional 1,356 shares in the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.
In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Juan Fernando Posada sold 9,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $82.09, for a total transaction of $739,220.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,928 shares of company stock worth $6,312,311. Insiders own 0.35% of the company’s stock.
Procter & Gamble Co (NYSE PG) opened at $80.24 on Thursday. Procter & Gamble Co has a 52 week low of $78.59 and a 52 week high of $94.67. The stock has a market cap of $202,290.00, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.
Procter & Gamble (NYSE:PG) last announced 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 net margin of 15.34% and a return on equity of 20.66%. The firm had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same period last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts predict that Procter & Gamble Co will post 4.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.6896 dividend. The ex-dividend date was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.44%. Procter & Gamble’s payout ratio is presently 74.59%.
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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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