Obermeyer Wealth Partners lessened its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,217 shares of the company's stock after selling 3,718 shares during the quarter. Obermeyer Wealth Partners' holdings in Procter & Gamble were worth $22,837,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $5,244,463,000. Raymond James Financial Inc. bought a new position in shares of Procter & Gamble in the 4th quarter worth $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Procter & Gamble by 1,195.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after purchasing an additional 2,973,757 shares during the period. Capital Research Global Investors increased its holdings in Procter & Gamble by 62.5% in the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after buying an additional 2,703,757 shares during the period. Institutional investors own 65.77% of the company's stock.
Insider Transactions at Procter & Gamble
In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PG. Raymond James decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Finally, DA Davidson reaffirmed a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.
View Our Latest Report on PG
Procter & Gamble Stock Performance
Shares of PG stock traded up $0.87 on Friday, reaching $163.28. The stock had a trading volume of 7,100,112 shares, compared to its average volume of 7,226,242. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $382.82 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.76 and a beta of 0.41. The firm's 50-day moving average is $164.69 and its two-hundred day moving average is $167.32.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. Procter & Gamble's dividend payout ratio is presently 66.98%.
Procter & Gamble Profile
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Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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