Kidder Stephen W lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,662 shares of the company’s stock after selling 1,627 shares during the period. Procter & Gamble accounts for 3.3% of Kidder Stephen W’s holdings, making the stock its 9th biggest holding. Kidder Stephen W’s holdings in Procter & Gamble were worth $9,076,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. 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 purchased a new stake in Procter & Gamble during the fourth quarter worth about $34,000. Selective Wealth Management Inc. purchased a new stake in Procter & Gamble during the third quarter worth about $35,000. Princeton Global Asset Management LLC boosted its holdings in Procter & Gamble by 51.4% during the second quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after buying an additional 150 shares in the last quarter. Finally, Ironwood Financial llc increased its holdings in Procter & Gamble by 27.3% in the third quarter. Ironwood Financial llc now owns 480 shares of the company’s stock valued at $60,000 after buying an additional 103 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.
PG has been the subject of a number of research analyst reports. Wells Fargo & Co increased their target price on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Macquarie boosted their price target on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. UBS Group lifted their price objective on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $119.07.
PG stock opened at $125.96 on Thursday. The stock’s 50 day moving average price is $124.20 and its 200 day moving average price is $120.41. The firm has a market cap of $310.95 billion, a P/E ratio of 27.87, a PEG ratio of 3.38 and a beta of 0.40. 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 released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given 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 of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 65.93%.
Procter & Gamble Company 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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