Fundsmith LLP Acquires 4,760 Shares of Procter & Gamble Company (The) $PG

Fundsmith LLP raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,577,040 shares of the company’s stock after acquiring an additional 4,760 shares during the quarter. Procter & Gamble comprises approximately 3.6% of Fundsmith LLP’s holdings, making the stock its 13th largest position. Fundsmith LLP’s holdings in Procter & Gamble were worth $703,262,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PG. Vista Cima Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth $423,000. Olde Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $467,000. von Borstel & Associates Inc. boosted its holdings in Procter & Gamble by 451.8% in the third quarter. von Borstel & Associates Inc. now owns 8,773 shares of the company’s stock worth $1,275,000 after purchasing an additional 7,183 shares in the last quarter. NorthRock Partners LLC boosted its holdings in Procter & Gamble by 250.9% in the third quarter. NorthRock Partners LLC now owns 176,076 shares of the company’s stock worth $27,054,000 after purchasing an additional 125,902 shares in the last quarter. Finally, Bank OZK increased its position in Procter & Gamble by 4.4% during the third quarter. Bank OZK now owns 28,935 shares of the company’s stock worth $4,446,000 after buying an additional 1,227 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.0%

Shares of NYSE:PG opened at $150.57 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock’s 50-day moving average is $153.32 and its 200-day moving average is $151.03. The company has a market cap of $349.91 billion, a P/E ratio of 22.31, a P/E/G ratio of 5.03 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is currently 62.52%.

Insider Buying and Selling

In related news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 348,618 shares of company stock valued at $55,462,643 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Rothschild & Co Redburn boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Barclays set a $155.00 price objective on Procter & Gamble in a research note on Friday, January 16th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.