AKO Capital LLP lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,026,550 shares of the company's stock after selling 36,048 shares during the period. Procter & Gamble accounts for 2.5% of AKO Capital LLP's holdings, making the stock its 19th biggest holding. AKO Capital LLP's holdings in Procter & Gamble were worth $155,584,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. EWG Elevate Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the third quarter worth about $30,000. Horizons Wealth Management bought a new stake in shares of Procter & Gamble during the second quarter worth about $52,000. Belmont Capital LLC grew its position in Procter & Gamble by 40.0% in the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company's stock worth $49,000 after purchasing an additional 110 shares in the last quarter. Finally, Align Wealth Management LLC bought a new stake in Procter & Gamble in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 62.13% of the company's stock.
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Procter & Gamble Stock Performance
NYSE PG opened at $146.72 on Friday. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The stock has a market capitalization of $346.13 billion, a PE ratio of 25.74, a P/E/G ratio of 4.01 and a beta of 0.40. The company's 50 day simple moving average is $141.10 and its two-hundred day simple moving average is $140.89.
Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to analysts' expectations of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. Analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble's payout ratio is 64.04%.
Insider Transactions at Procter & Gamble
In other news, insider Susan Street Whaley sold 435 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the transaction, the insider now owns 10,840 shares of the company's stock, valued at approximately $1,537,328.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $295,418.34. Following the transaction, the chief executive officer now owns 226,748 shares of the company's stock, valued at approximately $31,141,570.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 435 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock valued at $656,511 in the last quarter. Insiders own 0.26% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an "overweight" rating for the company in a research report on Monday, January 23rd. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Citigroup started coverage on shares of Procter & Gamble in a research note on Thursday, February 16th. They issued a "buy" rating and a $160.00 target price on the stock. Raymond James upped their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, January 13th. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a "hold" rating in a research note on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.27.
About Procter & Gamble
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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.