Fundsmith LLP lessened its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,626,376 shares of the company's stock after selling 6,846 shares during the quarter. Procter & Gamble makes up about 3.3% of Fundsmith LLP's holdings, making the stock its 13th largest position. Fundsmith LLP owned about 0.20% of Procter & Gamble worth $775,612,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of PG. Lakeridge Wealth Management LLC grew its holdings in shares of Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after buying an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC boosted its stake in Procter & Gamble by 3.2% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after purchasing an additional 62 shares during the last quarter. Tevis Investment Management increased its holdings in Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock worth $1,950,000 after purchasing an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after purchasing an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in shares of Procter & Gamble by 1.2% in the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock valued at $970,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Insider Activity
In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This trade represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,520 shares of company stock valued at $10,999,268. Insiders own 0.18% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on PG shares. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Bank of America cut their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.52.
View Our Latest Report on PG
Procter & Gamble Price Performance
Shares of PG stock traded down $0.21 on Wednesday, reaching $158.52. The company's stock had a trading volume of 3,555,393 shares, compared to its average volume of 7,196,742. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The stock's 50 day simple moving average is $165.33 and its 200-day simple moving average is $167.43. 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 company has a market capitalization of $371.66 billion, a P/E ratio of 25.24, a PEG ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.67%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 66.98%.
Procter & Gamble Company Profile
(
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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