Fort Washington Investment Advisors Inc. OH increased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,036 shares of the company's stock after acquiring an additional 164,993 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Procter & Gamble were worth $77,125,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. FMR LLC increased its stake in shares of Procter & Gamble by 2.7% in the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company's stock valued at $4,599,554,000 after buying an additional 689,282 shares during the period. Legal & General Group Plc raised its position in shares of Procter & Gamble by 0.6% during the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after acquiring an additional 122,190 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Procter & Gamble by 4.7% in the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company's stock valued at $3,183,522,000 after acquiring an additional 830,476 shares during the last quarter. Institutional investors own 65.77% of the company's stock.
A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Barclays cut their price objective on shares of Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $179.65.
Read Our Latest Research Report on PG
In related news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
PG opened at $164.57 on Thursday. The company has a market capitalization of $387.56 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 3.63 and a beta of 0.45. The business's 50-day moving average price is $169.01 and its two-hundred day moving average price is $169.41. The Procter & Gamble Company has a 1 year low of $152.06 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21,657,595.49 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.92 EPS 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 given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.45%. Procter & Gamble's dividend payout ratio (DPR) is presently 69.48%.
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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