Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in Procter & Gamble Co (NYSE:PG) by 36.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,046 shares of the company’s stock after purchasing an additional 9,270 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Procter & Gamble were worth $3,855,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. New England Investment & Retirement Group Inc. purchased a new position in shares of Procter & Gamble in the first quarter valued at $28,000. Wealthcare Capital Management LLC grew its holdings in shares of Procter & Gamble by 126.0% in the fourth quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock valued at $42,000 after purchasing an additional 189 shares in the last quarter. grace capital purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $44,000. Pacifica Partners Inc. purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $44,000. Finally, Efficient Wealth Management LLC purchased a new position in Procter & Gamble during the first quarter worth $39,000. 62.39% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:PG traded up $0.98 on Friday, hitting $112.60. 5,484,270 shares of the company’s stock were exchanged, compared to its average volume of 8,533,092. Procter & Gamble Co has a 12 month low of $94.34 and a 12 month high of $128.09. The stock has a market capitalization of $276.33 billion, a price-to-earnings ratio of 63.62, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44. The business’s 50 day simple moving average is $116.52 and its two-hundred day simple moving average is $120.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. The business had revenue of $17.21 billion during the quarter, compared to the consensus estimate of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Equities analysts forecast that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.7907 dividend. The ex-dividend date was Thursday, April 23rd. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 dividend on an annualized basis and a yield of 2.81%. Procter & Gamble’s payout ratio is presently 69.91%.
PG has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 14th. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Argus raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, March 26th. Bank of America reaffirmed a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research note on Saturday, April 18th. Finally, Citigroup lifted their price objective on shares of Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.31.
In related news, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the completion of the transaction, the chief executive officer now directly owns 44,746 shares of the company’s stock, valued at approximately $5,369,520. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 404,714 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the transaction, the director now directly owns 3,891 shares of the company’s stock, valued at $439,721.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,802,488 shares of company stock valued at $1,048,532,939. Corporate insiders own 1.75% of the company’s stock.
Procter & Gamble Profile
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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