KBC Group NV reduced its stake in Procter & Gamble Co (NYSE:PG) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,780 shares of the company’s stock after selling 354,475 shares during the period. KBC Group NV’s holdings in Procter & Gamble were worth $38,862,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. boosted its stake in Procter & Gamble by 17.1% during the 3rd quarter. HC Financial Advisors Inc. now owns 16,306 shares of the company’s stock worth $1,357,000 after purchasing an additional 2,385 shares during the last quarter. First Command Financial Services Inc. boosted its stake in Procter & Gamble by 4.2% during the 3rd quarter. First Command Financial Services Inc. now owns 33,430 shares of the company’s stock worth $2,782,000 after purchasing an additional 1,338 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Procter & Gamble by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,754,701 shares of the company’s stock worth $229,276,000 after purchasing an additional 116,336 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in Procter & Gamble by 5.4% during the 3rd quarter. Alpha Cubed Investments LLC now owns 62,873 shares of the company’s stock worth $5,489,000 after purchasing an additional 3,221 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Procter & Gamble during the 3rd quarter worth $2,190,000. Institutional investors own 61.86% of the company’s stock.
NYSE PG traded up $1.39 during trading on Friday, hitting $108.77. The stock had a trading volume of 8,063,449 shares, compared to its average volume of 6,359,059. The company has a market cap of $269.34 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.46 and a beta of 0.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. Procter & Gamble Co has a twelve month low of $75.39 and a twelve month high of $109.38.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. Procter & Gamble’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. On average, analysts anticipate that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $0.7459 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, April 17th. Procter & Gamble’s payout ratio is currently 70.62%.
In related news, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $105.00, for a total value of $3,150,000.00. Following the completion of the transaction, the chief executive officer now directly owns 256,088 shares of the company’s stock, valued at $26,889,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $106.83, for a total value of $2,136,600.00. Following the completion of the transaction, the chairman now directly owns 246,837 shares of the company’s stock, valued at $26,369,596.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,840 shares of company stock valued at $33,904,086. Corporate insiders own 1.84% of the company’s stock.
PG has been the topic of several analyst reports. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, May 10th. Deutsche Bank lifted their price target on Procter & Gamble from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. UBS Group lifted their price target on Procter & Gamble to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. DZ Bank restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Finally, Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Hold” and an average target price of $101.42.
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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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