Morningstar Investment Services LLC Sells 22,150 Shares of Procter & Gamble Co (PG)
Morningstar Investment Services LLC decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 592,286 shares of the company’s stock after selling 22,150 shares during the period. Procter & Gamble makes up approximately 1.2% of Morningstar Investment Services LLC’s holdings, making the stock its 26th largest position. Morningstar Investment Services LLC’s holdings in Procter & Gamble were worth $53,886,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in PG. Vanguard Group Inc. raised its holdings in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. raised its holdings in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. increased its holdings in Procter & Gamble by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after buying an additional 893,157 shares in the last quarter. American Century Companies Inc. increased its holdings in Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after buying an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
In related news, insider Ioannis Skoufalos sold 2,880 shares of the firm’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 transaction of $255,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,681 shares of company stock valued at $6,266,735. Corporate insiders own 0.35% of the company’s stock.
Procter & Gamble Co (NYSE:PG) opened at $79.92 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. Procter & Gamble Co has a 12 month low of $78.59 and a 12 month high of $94.67. The firm has a market cap of $202,750.00, a P/E ratio of 21.31, a PEG ratio of 2.49 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same period last year, the company posted $1.08 EPS. The company’s revenue was up 3.2% on a year-over-year basis. research analysts predict that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. Procter & Gamble’s dividend payout ratio (DPR) is 73.60%.
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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