Procter & Gamble Co (PG) Holdings Cut by Bigelow Investment Advisors LLC
Bigelow Investment Advisors LLC lessened its holdings in Procter & Gamble Co (NYSE:PG) by 21.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,699 shares of the company’s stock after selling 4,466 shares during the period. Procter & Gamble comprises 0.9% of Bigelow Investment Advisors LLC’s holdings, making the stock its 26th biggest holding. Bigelow Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,390,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PG. BlackRock Inc. grew its position in Procter & Gamble by 2.2% in the second quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after acquiring an additional 3,551,051 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in Procter & Gamble in the second quarter valued at about $241,094,000. C WorldWide Group Holding A S bought a new position in Procter & Gamble in the second quarter valued at about $113,258,000. Royal London Asset Management Ltd. bought a new position in Procter & Gamble in the second quarter valued at about $82,216,000. Finally, Assenagon Asset Management S.A. grew its position in Procter & Gamble by 1,895.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,081,843 shares of the company’s stock valued at $90,042,000 after acquiring an additional 1,027,636 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.
In related news, insider Ma. Fatima Francisco sold 9,404 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $98.01, for a total value of $921,686.04. Following the transaction, the insider now directly owns 21,917 shares of the company’s stock, valued at $2,148,085.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total value of $21,031,791.40. Following the completion of the transaction, the insider now directly owns 209,033 shares in the company, valued at $19,205,952.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 493,487 shares of company stock worth $45,924,245. 1.84% of the stock is owned by insiders.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.04. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share. Equities analysts predict that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
Several analysts have recently weighed in on PG shares. UBS Group boosted their price target on Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Citigroup boosted their price target on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, October 22nd. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Thursday, December 13th. Macquarie boosted their price target on Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, October 22nd. Finally, Societe Generale set a $87.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average target price of $95.00.
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Procter & Gamble Company 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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