Addison Capital Co decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,762 shares of the company’s stock after selling 398 shares during the period. Procter & Gamble accounts for 3.3% of Addison Capital Co’s holdings, making the stock its 5th biggest position. Addison Capital Co’s holdings in Procter & Gamble were worth $6,840,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Procter & Gamble by 1.2% during the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after acquiring an additional 1,785,863 shares during the last quarter. State Street Corp increased its stake in Procter & Gamble by 1.7% during the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after purchasing an additional 1,716,517 shares in the last quarter. Geode Capital Management LLC increased its stake in Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock valued at $7,090,497,000 after purchasing an additional 972,826 shares in the last quarter. Norges Bank acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $3,726,603,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Procter & Gamble by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company’s stock valued at $2,569,850,000 after purchasing an additional 293,092 shares in the last quarter. 63.64% of the stock is owned by institutional investors.
A number of brokerages have issued reports on PG. Raymond James upped their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. The Goldman Sachs Group cut their price target on Procter & Gamble from $179.00 to $173.00 in a research report on Tuesday, March 29th. Barclays decreased their price objective on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. Credit Suisse Group boosted their price objective on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $175.00 in a report on Tuesday, March 22nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $163.80.
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The firm had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same period in the prior year, the company earned $1.26 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were paid a $0.9133 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is currently 63.70%.
In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $41,777,057.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the sale, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at $198,164.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is owned by corporate insiders.
Procter & Gamble Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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