Connable Office Inc. grew its holdings in Procter & Gamble Co (NYSE:PG) by 6.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,070 shares of the company’s stock after buying an additional 2,426 shares during the quarter. Connable Office Inc.’s holdings in Procter & Gamble were worth $3,252,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Chemical Bank increased its position in shares of Procter & Gamble by 2.0% during the third quarter. Chemical Bank now owns 107,731 shares of the company’s stock worth $8,966,000 after purchasing an additional 2,141 shares in the last quarter. Westchester Capital Management Inc. increased its position in shares of Procter & Gamble by 2.6% during the third quarter. Westchester Capital Management Inc. now owns 93,493 shares of the company’s stock worth $7,781,000 after purchasing an additional 2,365 shares in the last quarter. Fulcrum Capital LLC increased its position in shares of Procter & Gamble by 2.4% during the third quarter. Fulcrum Capital LLC now owns 37,936 shares of the company’s stock worth $3,157,000 after purchasing an additional 896 shares in the last quarter. Quadrant Private Wealth Management LLC increased its position in shares of Procter & Gamble by 17.5% during the third quarter. Quadrant Private Wealth Management LLC now owns 6,645 shares of the company’s stock worth $553,000 after purchasing an additional 988 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in shares of Procter & Gamble by 49.1% during the third quarter. Dupont Capital Management Corp now owns 104,418 shares of the company’s stock worth $8,691,000 after purchasing an additional 34,390 shares in the last quarter. Institutional investors and hedge funds own 61.36% of the company’s stock.
In related news, insider Ioannis Skoufalos sold 33,684 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $94.30, for a total transaction of $3,176,401.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 16,338 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $94.62, for a total value of $1,545,901.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,504 shares of company stock worth $14,943,960. Corporate insiders own 1.84% of the company’s stock.
Shares of Procter & Gamble stock opened at $99.24 on Thursday. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $99.70. The firm has a market capitalization of $246.33 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same quarter in the prior year, the company posted $1.19 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 18th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
PG has been the subject of several research reports. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Wells Fargo & Co reissued a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Macquarie boosted their price objective on Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, October 22nd. Societe Generale set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Finally, TD Securities reissued a “hold” rating on shares of Procter & Gamble in a research note on Thursday, November 8th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $95.00.
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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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