Harvest Capital Management Inc lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 15.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,408 shares of the company’s stock after selling 625 shares during the quarter. Harvest Capital Management Inc’s holdings in Procter & Gamble were worth $313,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of PG. Beach Investment Management LLC. acquired a new stake in Procter & Gamble in the 2nd quarter worth about $6,942,000. First Capital Advisors Group LLC. boosted its stake in Procter & Gamble by 1.5% in the 2nd quarter. First Capital Advisors Group LLC. now owns 23,396 shares of the company’s stock worth $2,039,000 after buying an additional 346 shares during the last quarter. Sterling Global Strategies LLC boosted its stake in Procter & Gamble by 0.4% in the 2nd quarter. Sterling Global Strategies LLC now owns 11,247 shares of the company’s stock worth $980,000 after buying an additional 47 shares during the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in Procter & Gamble by 16.0% in the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 13,519 shares of the company’s stock worth $1,178,000 after buying an additional 1,865 shares during the last quarter. Finally, Keystone Financial Planning Inc. boosted its stake in Procter & Gamble by 162.8% in the 2nd quarter. Keystone Financial Planning Inc. now owns 57,292 shares of the company’s stock worth $4,993,000 after buying an additional 35,490 shares during the last quarter. Hedge funds and other institutional investors own 61.05% of the company’s stock.
A number of brokerages have issued reports on PG. Berenberg Bank began coverage on Procter & Gamble in a research note on Wednesday, February 28th. They issued a “sell” rating and a $78.50 price target on the stock. Stifel Nicolaus raised their price target on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target on the stock in a research note on Thursday, February 1st. SunTrust Banks reissued a “hold” rating and issued a $90.00 price target on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble currently has a consensus rating of “Buy” and an average price target of $87.37.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. sell-side analysts anticipate that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 70.23%.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock worth $9,710,976 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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