Steward Partners Investment Advisory LLC Boosts Holdings in Procter & Gamble Co (PG)

Steward Partners Investment Advisory LLC raised its stake in Procter & Gamble Co (NYSE:PG) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 108,217 shares of the company’s stock after buying an additional 2,893 shares during the quarter. Procter & Gamble accounts for about 0.8% of Steward Partners Investment Advisory LLC’s holdings, making the stock its 24th biggest holding. Steward Partners Investment Advisory LLC’s holdings in Procter & Gamble were worth $9,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares during the last quarter. BlackRock Inc. boosted its stake in Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. boosted its stake in Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after acquiring an additional 893,157 shares during the last quarter. Truepoint Inc. boosted its stake in Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after acquiring an additional 26,584,514 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock worth $1,269,884,000 after acquiring an additional 277,715 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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Several research analysts recently weighed in on PG shares. Jefferies Group reissued a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research note on Monday, December 18th. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank started coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Buy” and a consensus price target of $87.18.

In other news, Vice Chairman Jon R. Moeller sold 3,252 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. In the last three months, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is currently owned by insiders.

Procter & Gamble Co (NYSE:PG) opened at $75.91 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The firm has a market cap of $191,369.42, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.58. Procter & Gamble Co has a one year low of $75.81 and a one year high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Zacks’ 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 net margin of 15.34% and a return on equity of 20.66%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. equities research analysts expect that Procter & Gamble Co will post 4.21 EPS for the current year.

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

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