NEXT Financial Group Inc Reduces Holdings in Procter & Gamble Co (NYSE:PG)

NEXT Financial Group Inc decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,152 shares of the company’s stock after selling 1,379 shares during the quarter. NEXT Financial Group Inc’s holdings in Procter & Gamble were worth $2,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lucia Wealth Services LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter valued at $29,000. Belmont Capital LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $34,000. Selective Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the third quarter worth $35,000. Princeton Global Asset Management LLC raised its position in shares of Procter & Gamble by 51.4% in the second quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after buying an additional 150 shares in the last quarter. Finally, Ironwood Financial llc boosted its stake in Procter & Gamble by 27.3% during the third quarter. Ironwood Financial llc now owns 480 shares of the company’s stock valued at $60,000 after buying an additional 103 shares during the period. 62.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble stock opened at $126.09 on Wednesday. The firm has a market capitalization of $315.24 billion, a PE ratio of 84.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.40. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a 12 month low of $89.08 and a 12 month high of $127.00. The business’s 50-day moving average price is $124.72 and its 200-day moving average price is $120.88.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the previous year, the company posted $1.12 EPS. Procter & Gamble’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In other news, CEO Ma. Fatima Francisco sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $122.00, for a total transaction of $210,938.00. Following the transaction, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at $836,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 26,297 shares of Procter & Gamble stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $124.07, for a total value of $3,262,668.79. Following the completion of the transaction, the vice president now owns 51,694 shares in the company, valued at approximately $6,413,674.58. The disclosure for this sale can be found here. Insiders have sold 1,247,348 shares of company stock worth $154,656,137 over the last three months. Insiders own 1.75% of the company’s stock.

A number of brokerages have weighed in on PG. Goldman Sachs Group restated a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group raised their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $120.38.

Procter & Gamble 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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