FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,059 shares of the company's stock after selling 200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Procter & Gamble were worth $1,828,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in PG. EWG Elevate Inc. acquired a new position in Procter & Gamble during the fourth quarter worth $26,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble during the third quarter worth $30,000. Bourgeon Capital Management LLC grew its holdings in Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company's stock worth $38,000 after acquiring an additional 71 shares during the period. Paragon Wealth Strategies LLC grew its holdings in Procter & Gamble by 487.2% during the fourth quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company's stock worth $42,000 after acquiring an additional 229 shares during the period. Finally, Belmont Capital LLC grew its holdings in Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company's stock worth $49,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 62.13% of the company's stock.
Get Procter & Gamble alerts:Procter & Gamble Price Performance
PG stock opened at $151.77 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90. The firm has a market cap of $358.05 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 4.21 and a beta of 0.41. The stock has a 50-day simple moving average of $142.65 and a 200-day simple moving average of $141.95.
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.01. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. Procter & Gamble's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 21st will be issued a $0.9407 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $0.91. The ex-dividend date is Thursday, April 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.48%. Procter & Gamble's dividend payout ratio (DPR) is 64.04%.
Wall Street Analyst Weigh In
A number of research firms have commented on PG. StockNews.com began coverage on Procter & Gamble in a research report on Thursday, March 16th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded Procter & Gamble from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Wells Fargo & Company decreased their target price on Procter & Gamble from $168.00 to $162.00 and set an "overweight" rating on the stock in a research report on Friday, January 20th. UBS Group boosted their target price on Procter & Gamble from $163.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $156.00 to $160.00 in a research report on Monday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.
Insider Activity at Procter & Gamble
In other news, CEO Jon R. Moeller sold 2,151 shares of the firm's stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $295,418.34. Following the completion of the sale, the chief executive officer now directly owns 226,748 shares of the company's stock, valued at approximately $31,141,570.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jon R. Moeller sold 2,151 shares of the firm's stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares of the company's stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the sale, the insider now directly owns 10,198 shares of the company's stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $656,511 in the last three months. 0.26% of the stock is owned by company insiders.
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.
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