PFG Advisors Has $9.38 Million Stock Position in Procter & Gamble Company (The) $PG

PFG Advisors trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,471 shares of the company’s stock after selling 13,992 shares during the quarter. PFG Advisors’ holdings in Procter & Gamble were worth $9,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 0.6% during the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after purchasing an additional 1,419,322 shares in the last quarter. State Street Corp boosted its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after acquiring an additional 370,872 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Procter & Gamble by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock worth $2,543,839,000 after acquiring an additional 189,968 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 11,008,454 shares of the company’s stock worth $1,691,449,000 after acquiring an additional 40,941 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.7%

NYSE:PG opened at $144.36 on Tuesday. The stock’s fifty day moving average price is $151.54 and its two-hundred day moving average price is $148.85. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market cap of $335.49 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 5.66 and a beta of 0.41.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is presently 62.67%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the sale, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by company insiders.

Key Headlines Impacting Procter & Gamble

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. The Goldman Sachs Group reduced their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Wells Fargo & Company reduced their target price on Procter & Gamble from $177.00 to $158.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Rothschild & Co Redburn boosted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. UBS Group reduced their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Barclays reduced their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $163.00.

Get Our Latest Analysis on Procter & Gamble

About Procter & Gamble

(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.

Further Reading

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

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