Procter & Gamble Co (NYSE:PG) is Somerville Kurt F’s 5th Largest Position

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Somerville Kurt F trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 149,268 shares of the company’s stock after selling 3,432 shares during the period. Procter & Gamble accounts for approximately 3.5% of Somerville Kurt F’s investment portfolio, making the stock its 5th biggest holding. Somerville Kurt F’s holdings in Procter & Gamble were worth $18,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Phocas Financial Corp. increased its holdings in Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after buying an additional 71,055,523 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Procter & Gamble by 6,899.0% in the second quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after acquiring an additional 18,153,758 shares during the last quarter. AQR Capital Management LLC lifted its stake in Procter & Gamble by 49.8% in the second quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after acquiring an additional 3,019,494 shares during the last quarter. Johanson Financial Advisors Inc. grew its position in Procter & Gamble by 12,360.9% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,598,715 shares of the company’s stock worth $20,807,000 after acquiring an additional 2,577,860 shares in the last quarter. Finally, BlackRock Inc. grew its position in Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after acquiring an additional 2,470,382 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

PG has been the topic of several analyst reports. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their target price on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating 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 assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $119.07.

Shares of Procter & Gamble stock opened at $125.96 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $124.20 and a 200-day simple moving average of $120.41. The stock has a market capitalization of $310.95 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 3.38 and a beta of 0.40. 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 earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. Procter & Gamble’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. As a group, research analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.

The company also recently declared 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 of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In other news, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $122.00, for a total transaction of $210,938.00. Following the completion of the transaction, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 26,297 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $124.07, for a total value of $3,262,668.79. Following the completion of the sale, the vice president now directly owns 51,694 shares of the company’s stock, valued at $6,413,674.58. The disclosure for this sale can be found here. Insiders have sold 1,288,513 shares of company stock valued at $159,734,252 over the last 90 days. Corporate insiders own 1.75% of the company’s stock.

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

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

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