Numeric Investors LLC Purchases 9,900 Shares of Procter & Gamble Company (The) (PG)
Numeric Investors LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 66.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,900 shares of the company’s stock after buying an additional 9,900 shares during the quarter. Numeric Investors LLC’s holdings in Procter & Gamble were worth $2,170,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Asset Planning Services Ltd. increased its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $119,000. Blume Capital Management Inc. increased its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of Procter & Gamble by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Finally, Winfield Associates Inc. increased its position in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. 59.54% of the stock is currently owned by institutional investors and hedge funds.
PG has been the topic of several recent analyst reports. Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research report on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Finally, Bank of America lifted their target price on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average price target of $87.81.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. equities analysts predict that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were paid a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.05%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock valued at $1,927,095 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
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Procter & Gamble Company Profile
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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