Eubel Brady & Suttman Asset Management Inc. Boosts Position in The Procter & Gamble Company (NYSE:PG)

Eubel Brady & Suttman Asset Management Inc. raised its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,488 shares of the company’s stock after buying an additional 404 shares during the quarter. Eubel Brady & Suttman Asset Management Inc.’s holdings in Procter & Gamble were worth $1,225,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PG. UBS Asset Management Americas Inc. grew its holdings in Procter & Gamble by 33.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company’s stock valued at $1,922,090,000 after buying an additional 3,467,039 shares in the last quarter. Morgan Stanley grew its holdings in Procter & Gamble by 5.0% during the 2nd quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock valued at $4,655,181,000 after buying an additional 1,632,893 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Procter & Gamble by 76.4% during the third quarter. Neuberger Berman Group LLC now owns 3,691,042 shares of the company’s stock worth $510,011,000 after purchasing an additional 1,598,612 shares in the last quarter. Lazard Freres Gestion S.A.S. grew its holdings in shares of Procter & Gamble by 533.8% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 1,632,748 shares of the company’s stock worth $158,123,000 after purchasing an additional 1,375,124 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $224,193,000. 63.64% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on PG. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 price objective for the company. in a report on Tuesday, March 29th. Credit Suisse Group boosted their price objective on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Royal Bank of Canada boosted their price objective on Procter & Gamble from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $173.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Finally, Barclays upped their target price on Procter & Gamble from $167.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.47.

In related news, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at $198,164.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David S. Taylor sold 12,953 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total value of $1,988,415.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,515 shares of company stock valued at $20,862,606. 0.51% of the stock is owned by corporate insiders.

PG stock traded up $1.63 during midday trading on Friday, hitting $153.62. The company had a trading volume of 5,652,576 shares, compared to its average volume of 8,219,262. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 52 week low of $131.94 and a 52 week high of $165.35. The stock’s 50 day moving average price is $154.96 and its 200 day moving average price is $154.99. The stock has a market cap of $368.58 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 4.38 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. The firm had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. Analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 22nd will be issued a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio is currently 63.70%.

Procter & Gamble Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Featured Stories

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.