Thrivent Financial for Lutherans Buys 1,939 Shares of Procter & Gamble Co (NYSE:PG)

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Thrivent Financial for Lutherans boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 142,347 shares of the company’s stock after acquiring an additional 1,939 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Procter & Gamble were worth $12,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Front Row Advisors LLC grew its position in shares of Procter & Gamble by 1.7% in the fourth quarter. Front Row Advisors LLC now owns 6,087 shares of the company’s stock valued at $560,000 after purchasing an additional 102 shares during the last quarter. SP Asset Management grew its position in shares of Procter & Gamble by 0.3% in the fourth quarter. SP Asset Management now owns 38,188 shares of the company’s stock valued at $3,510,000 after purchasing an additional 103 shares during the last quarter. Bath Savings Trust Co grew its position in shares of Procter & Gamble by 0.4% in the fourth quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock valued at $2,672,000 after purchasing an additional 110 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Procter & Gamble by 2.6% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 4,294 shares of the company’s stock valued at $395,000 after purchasing an additional 110 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Procter & Gamble by 0.7% in the fourth quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock valued at $1,516,000 after purchasing an additional 115 shares during the last quarter. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PG traded up $0.51 on Friday, hitting $111.42. 2,267,514 shares of the company’s stock were exchanged, compared to its average volume of 6,492,150. 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 52 week low of $75.39 and a 52 week high of $110.95. The stock has a market capitalization of $275.11 billion, a PE ratio of 26.40, a PEG ratio of 3.53 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The firm had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a dividend of $0.7459 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.68%. Procter & Gamble’s dividend payout ratio is presently 70.62%.

In other Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the sale, the chief executive officer now directly owns 256,088 shares in the company, valued at $26,889,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $106.83, for a total value of $2,136,600.00. Following the sale, the chairman now owns 246,837 shares of the company’s stock, valued at $26,369,596.71. The disclosure for this sale can be found here. Insiders have sold 320,840 shares of company stock valued at $33,904,086 over the last 90 days. Corporate insiders own 1.84% of the company’s stock.

Several equities analysts have recently commented on PG shares. Macquarie set a $110.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Friday, May 10th. Deutsche Bank boosted their price target on Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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