Epoch Investment Partners Inc. Trims Stock Holdings in Procter & Gamble Company (The) $PG

Epoch Investment Partners Inc. reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 151,921 shares of the company’s stock after selling 4,616 shares during the period. Epoch Investment Partners Inc.’s holdings in Procter & Gamble were worth $21,943,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Carson Advisory Inc. increased its stake in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after purchasing an additional 65 shares during the period. Trilogy Capital Inc. boosted its stake in shares of Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after purchasing an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. increased its stake in Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after buying an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. increased its stake in Procter & Gamble by 2.7% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

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Procter & Gamble Stock Up 0.2%

NYSE:PG opened at $147.30 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a 50-day moving average of $147.33 and a 200 day moving average of $148.70. The firm has a market cap of $343.00 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 7.33 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter last year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be paid a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.60%.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Rothschild & Co Redburn decreased their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. BNP Paribas Exane lowered their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Finally, Evercore set a $162.00 price objective on Procter & Gamble in a research note on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.74.

Read Our Latest Stock Analysis on Procter & Gamble

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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