CVA Family Office LLC acquired a new position in shares of Procter & Gamble Co (NYSE:PG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,809 shares of the company’s stock, valued at approximately $351,000.
Several other institutional investors have also bought and sold shares of PG. Blueshift Asset Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $1,859,000. Bank OZK increased its position in shares of Procter & Gamble by 9.1% in the 4th quarter. Bank OZK now owns 29,009 shares of the company’s stock valued at $3,623,000 after purchasing an additional 2,429 shares during the last quarter. Bluefin Trading LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $12,002,000. Bessemer Group Inc. boosted its stake in shares of Procter & Gamble by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 1,676,812 shares of the company’s stock worth $209,435,000 after buying an additional 4,854 shares during the period. Finally, BancorpSouth Bank raised its position in Procter & Gamble by 3.8% during the 4th quarter. BancorpSouth Bank now owns 8,972 shares of the company’s stock worth $1,121,000 after buying an additional 325 shares during the last quarter. 64.02% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO David S. Taylor sold 58,297 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $125.93, for a total transaction of $7,341,341.21. Following the completion of the transaction, the chief executive officer now directly owns 284,069 shares in the company, valued at approximately $35,772,809.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 37,385 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $126.28, for a total transaction of $4,720,977.80. Following the transaction, the insider now owns 60,191 shares of the company’s stock, valued at $7,600,919.48. The disclosure for this sale can be found here. Insiders sold 98,682 shares of company stock worth $12,441,819 over the last ninety days. Insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.05. The business had revenue of $18.24 billion during the quarter, compared to the consensus estimate of $18.37 billion. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. Procter & Gamble’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.
A number of research firms have commented on PG. Stifel Nicolaus reiterated a “hold” rating and set a $119.00 target price on shares of Procter & Gamble in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “hold” rating and issued a $120.00 price objective on shares of Procter & Gamble in a report on Monday. Morgan Stanley lowered their target price on Procter & Gamble from $132.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Tuesday, March 17th. Finally, Citigroup boosted their target price on shares of Procter & Gamble from $138.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $128.07.
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.
Further Reading: Options Trading
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