Procter & Gamble Co (PG) Position Increased by Texas Yale Capital Corp.
Texas Yale Capital Corp. boosted its stake in Procter & Gamble Co (NYSE:PG) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,769 shares of the company’s stock after buying an additional 9,994 shares during the period. Texas Yale Capital Corp.’s holdings in Procter & Gamble Co were worth $4,016,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empirical Finance LLC bought a new position in shares of Procter & Gamble Co during the fourth quarter worth $101,000. American National Bank increased its position in shares of Procter & Gamble Co by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock worth $102,000 after buying an additional 788 shares during the period. Benson Investment Management Company Inc. bought a new position in shares of Procter & Gamble Co during the fourth quarter worth $147,000. JJJ Advisors Inc. bought a new position in shares of Procter & Gamble Co during the fourth quarter worth $149,000. Finally, New Capital Management LP bought a new position in shares of Procter & Gamble Co during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 68.33% of the company’s stock.
Procter & Gamble Co (NYSE:PG) opened at 89.33 on Friday. Procter & Gamble Co has a 12 month low of $79.10 and a 12 month high of $92.00. The stock has a market cap of $228.37 billion, a P/E ratio of 16.37 and a beta of 0.64. The stock has a 50 day moving average of $90.41 and a 200-day moving average of $87.21.
Procter & Gamble Co (NYSE:PG) last announced its quarterly earnings results on Friday, January 20th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Procter & Gamble Co had a return on equity of 18.58% and a net margin of 23.44%. The company earned $16.86 billion during the quarter, compared to analyst estimates of $16.80 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co will post $3.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, April 19th. This is a positive change from Procter & Gamble Co’s previous quarterly dividend of $0.67. Procter & Gamble Co’s payout ratio is 48.73%.
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A number of analysts have commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $101.00 target price on shares of Procter & Gamble Co in a report on Thursday, March 16th. JPMorgan Chase & Co. assumed coverage on shares of Procter & Gamble Co in a report on Tuesday, March 21st. They set a “neutral” rating and a $98.00 target price for the company. Vetr raised shares of Procter & Gamble Co from a “sell” rating to a “hold” rating and set a $88.80 target price for the company in a report on Thursday, February 23rd. Deutsche Bank AG reissued a “hold” rating and issued a $90.00 price objective on shares of Procter & Gamble Co in a research note on Thursday, February 16th. Finally, Barclays PLC set a $93.00 price objective on shares of Procter & Gamble Co and gave the stock a “hold” rating in a research note on Saturday, February 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.19.
In other news, SVP Valarie L. Sheppard sold 20,910 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $87.00, for a total value of $1,819,170.00. Following the completion of the sale, the senior vice president now owns 37,835 shares in the company, valued at $3,291,645. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mohamed Samir Abde Abdelfattah sold 1,876 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $91.25, for a total value of $171,185.00. Following the completion of the sale, the insider now owns 30,952 shares of the company’s stock, valued at approximately $2,824,370. The disclosure for this sale can be found here. Insiders have sold a total of 401,936 shares of company stock valued at $35,928,133 in the last quarter. 0.35% of the stock is currently owned by insiders.
About Procter & Gamble Co
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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