Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,321,859 shares of the company’s stock after selling 4,513 shares during the period. Procter & Gamble makes up about 1.1% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 23rd largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Procter & Gamble were worth $110,019,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wagner Wealth Management LLC raised its holdings in Procter & Gamble by 9.4% during the third quarter. Wagner Wealth Management LLC now owns 6,566 shares of the company’s stock worth $546,000 after purchasing an additional 566 shares in the last quarter. Citizens Financial Group Inc RI raised its holdings in Procter & Gamble by 1.7% during the third quarter. Citizens Financial Group Inc RI now owns 34,929 shares of the company’s stock worth $2,906,000 after purchasing an additional 587 shares in the last quarter. First Midwest Bank Trust Division raised its holdings in Procter & Gamble by 1.0% during the third quarter. First Midwest Bank Trust Division now owns 62,436 shares of the company’s stock worth $5,196,000 after purchasing an additional 607 shares in the last quarter. Ridgewood Investments LLC increased its holdings in shares of Procter & Gamble by 14.1% in the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock valued at $394,000 after buying an additional 623 shares in the last quarter. Finally, ELM Advisors LLC increased its holdings in shares of Procter & Gamble by 9.3% in the third quarter. ELM Advisors LLC now owns 7,293 shares of the company’s stock valued at $607,000 after buying an additional 623 shares in the last quarter. Institutional investors and hedge funds own 61.36% of the company’s stock.
Get Procter & Gamble alerts:Shares of NYSE:PG opened at $98.48 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $99.70. The firm has a market cap of $248.27 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 3.19 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The company had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.16 billion. During the same period in the previous year, the business earned $1.19 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 18th were paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 19,791 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total transaction of $1,834,823.61. Following the sale, the insider now directly owns 60,575 shares of the company’s stock, valued at approximately $5,615,908.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 700 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $93.30, for a total transaction of $65,310.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,215,236 shares of company stock worth $219,240,703. Company insiders own 1.84% of the company’s stock.
Several research analysts have issued reports on the company. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Wednesday, January 30th. Barclays reaffirmed a “hold” rating and issued a $94.00 price target on shares of Procter & Gamble in a report on Friday, January 25th. SunTrust Banks upped their price target on Procter & Gamble to $95.00 and gave the company a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Berenberg Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and upped their price target for the company from $86.00 to $92.00 in a report on Thursday, January 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $91.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $95.00.
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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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