New England Professional Planning Group Inc. bought a new stake in Procter & Gamble Co (NYSE:PG) during the fourth quarter, Holdings Channel reports. The fund bought 2,553 shares of the company’s stock, valued at approximately $317,000.
A number of other institutional investors have also recently modified their holdings of PG. Lucia Wealth Services LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $29,000. Belmont Capital LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $34,000. Selective Wealth Management Inc. acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $35,000. Princeton Global Asset Management LLC lifted its position in Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after acquiring an additional 150 shares in the last quarter. Finally, Ironwood Financial llc boosted its holdings 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 acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.
PG has been the topic of several analyst reports. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Macquarie boosted their price objective on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Goldman Sachs Group reissued a “buy” rating and issued a $136.00 price objective on shares of Procter & Gamble in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their target price on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $119.07.
Shares of Procter & Gamble stock opened at $125.96 on Thursday. The firm has a market cap of $310.95 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.40. The firm’s 50-day simple moving average is $124.20 and its 200-day simple moving average is $120.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. Procter & Gamble Co has a 1 year low of $89.08 and a 1 year high of $126.60.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. On average, equities analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 65.93%.
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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