JGP Wealth Management LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,928 shares of the company’s stock after purchasing an additional 1,492 shares during the period. Procter & Gamble comprises 2.2% of JGP Wealth Management LLC’s portfolio, making the stock its 6th biggest position. JGP Wealth Management LLC’s holdings in Procter & Gamble were worth $5,325,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commonwealth Bank of Australia boosted its stake in shares of Procter & Gamble by 16.1% during the second quarter. Commonwealth Bank of Australia now owns 310,546 shares of the company’s stock valued at $24,232,000 after purchasing an additional 43,129 shares in the last quarter. Captrust Financial Advisors raised its stake in Procter & Gamble by 7.2% in the second quarter. Captrust Financial Advisors now owns 160,757 shares of the company’s stock worth $12,549,000 after buying an additional 10,788 shares in the last quarter. Global Retirement Partners LLC raised its stake in Procter & Gamble by 19.7% in the second quarter. Global Retirement Partners LLC now owns 11,712 shares of the company’s stock worth $914,000 after buying an additional 1,929 shares in the last quarter. Brandes Investment Partners LP raised its stake in Procter & Gamble by 1.9% in the second quarter. Brandes Investment Partners LP now owns 50,959 shares of the company’s stock worth $3,978,000 after buying an additional 962 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in Procter & Gamble by 21.4% during the second quarter. Capital Wealth Planning LLC now owns 45,937 shares of the company’s stock worth $3,586,000 after buying an additional 8,093 shares during the period. 61.61% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:PG opened at $103.65 on Friday. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $104.23. The stock has a market cap of $260.75 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same quarter last year, the company earned $1.19 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Research analysts expect that Procter & Gamble Co will post 4.47 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research reiterated a “hold” rating and issued a $102.00 price target on shares of Procter & Gamble in a report on Monday, December 31st. SunTrust Banks upped their price objective on Procter & Gamble to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Co reiterated a “hold” rating and issued a $91.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Finally, Bank of America reiterated a “buy” rating and issued a $108.00 target price on shares of Procter & Gamble in a report on Tuesday, January 8th. Fourteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $96.47.
In related news, SVP Valarie L. Sheppard sold 1,236 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 3,027 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,270,496 shares of company stock valued at $224,931,027. Corporate insiders own 1.84% of the company’s stock.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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