Thompson Investment Management Inc. Acquires 14,673 Shares of Procter & Gamble Company (The) $PG

Thompson Investment Management Inc. increased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 64.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,336 shares of the company’s stock after acquiring an additional 14,673 shares during the period. Thompson Investment Management Inc.’s holdings in Procter & Gamble were worth $5,351,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $25,000. Saranac Partners Ltd purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $30,000. Corundum Trust Company INC bought a new stake in Procter & Gamble during the third quarter worth $32,000. Caitlin John LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at $34,000. Finally, Marquette Asset Management LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 348,618 shares of company stock valued at $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.0%

Shares of NYSE:PG opened at $142.76 on Monday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a market capitalization of $331.78 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37. The business has a fifty day moving average price of $153.93 and a two-hundred day moving average price of $150.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is presently 62.67%.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Analysts Set New Price Targets

A number of equities analysts have issued reports on PG shares. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price objective for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. Finally, Rothschild & Co Redburn lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Get Our Latest Stock Report on Procter & Gamble

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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