Procter & Gamble Co (NYSE:PG) Shares Bought by Allworth Financial LP
Allworth Financial LP boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,174 shares of the company’s stock after purchasing an additional 126 shares during the period. Allworth Financial LP’s holdings in Procter & Gamble were worth $1,514,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Phocas Financial Corp. grew its position in Procter & Gamble by 999,937.0% during the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after purchasing an additional 71,055,523 shares during the period. Nuveen Asset Management LLC grew its position in Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after purchasing an additional 18,153,758 shares during the period. FMR LLC grew its position in Procter & Gamble by 26.4% during the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after purchasing an additional 7,389,251 shares during the period. Vanguard Group Inc. grew its position in Procter & Gamble by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after purchasing an additional 3,786,962 shares during the period. Finally, AQR Capital Management LLC grew its position in Procter & Gamble by 49.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock worth $996,295,000 after purchasing an additional 3,019,494 shares during the period. 65.62% of the stock is currently owned by institutional investors.
PG has been the topic of several analyst reports. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target (up from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a research report on Tuesday, July 30th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group increased their price target on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $108.95.
Shares of PG stock traded up $1.05 during mid-day trading on Wednesday, hitting $121.98. 3,669,802 shares of the stock were exchanged, compared to its average volume of 7,844,748. The firm has a fifty day moving average of $121.75 and a 200 day moving average of $112.47. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $125.36. The company has a market cap of $310.33 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.60 and a beta of 0.42.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Procter & Gamble Co will post 4.84 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is currently 65.93%.
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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