Procter & Gamble Co (PG) Shares Bought by Oakworth Capital Inc.
Oakworth Capital Inc. lifted its stake in Procter & Gamble Co (NYSE:PG) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 14,976 shares of the company’s stock after purchasing an additional 727 shares during the quarter. Oakworth Capital Inc.’s holdings in Procter & Gamble were worth $1,382,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Trillium Asset Management LLC lifted its stake in Procter & Gamble by 2.0% during the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after purchasing an additional 3,387 shares during the last quarter. Barrett Asset Management LLC lifted its stake in Procter & Gamble by 3.3% during the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after purchasing an additional 4,325 shares during the last quarter. Aviva PLC lifted its stake in Procter & Gamble by 1.7% during the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock valued at $158,162,000 after purchasing an additional 30,897 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Procter & Gamble by 1,094.3% during the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after purchasing an additional 675,013 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in Procter & Gamble by 21.9% during the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after purchasing an additional 1,356 shares during the last quarter. 59.94% of the stock is owned by institutional investors.
PG has been the subject of several recent research reports. Jefferies Group reissued a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Friday, October 20th. Morgan Stanley increased their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank began coverage on shares of Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.38.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. research analysts forecast that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.45%. Procter & Gamble’s dividend payout ratio is presently 73.60%.
In other Procter & Gamble news, insider Ioannis Skoufalos sold 2,880 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $88.75, for a total value of $255,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Juan Fernando Posada sold 4,878 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the transaction, the insider now owns 25,429 shares in the company, valued at approximately $2,283,524.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,981 shares of company stock worth $6,739,389. Company insiders own 0.35% of the company’s stock.
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Procter & Gamble 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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