Sigma Investment Counselors Inc. increased its position in shares of Procter & Gamble Co (NYSE:PG) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 32,902 shares of the company’s stock after acquiring an additional 369 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Procter & Gamble were worth $4,109,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of PG. Lucia Wealth Services LLC acquired a new stake in Procter & Gamble during the third quarter valued at $29,000. Belmont Capital LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Selective Wealth Management Inc. acquired a new position in Procter & Gamble in the 3rd quarter worth about $35,000. Princeton Global Asset Management LLC increased its position in Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after purchasing an additional 150 shares during the last quarter. Finally, Ironwood Financial llc increased its position in Procter & Gamble by 27.3% in the 3rd quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 62.83% of the company’s stock.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 26,297 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $124.07, for a total transaction of $3,262,668.79. Following the completion of the sale, the vice president now directly owns 51,694 shares in the company, valued at $6,413,674.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total value of $210,938.00. Following the completion of the sale, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The disclosure for this sale can be found here. Insiders have sold 1,247,348 shares of company stock valued at $154,656,137 in the last ninety days. Company insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating 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 business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
Several equities research analysts have recently issued reports on PG shares. Morgan Stanley lifted their price target on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Macquarie increased their price objective on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Wells Fargo & Co increased their price objective on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $120.38.
About Procter & Gamble
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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