Procter & Gamble Co (NYSE:PG) Shares Sold by Elefante Mark B

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Elefante Mark B lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,768 shares of the company’s stock after selling 95 shares during the quarter. Procter & Gamble makes up approximately 3.1% of Elefante Mark B’s portfolio, making the stock its 8th biggest holding. Elefante Mark B’s holdings in Procter & Gamble were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PG. BlackRock Inc. increased its holdings in shares of Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares during the last quarter. State Street Corp increased its holdings in shares of Procter & Gamble by 1.4% in the third quarter. State Street Corp now owns 118,454,191 shares of the company’s stock valued at $14,733,332,000 after purchasing an additional 1,585,813 shares during the last quarter. Phocas Financial Corp. increased its holdings in shares of Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after purchasing an additional 71,055,523 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of 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 purchasing an additional 18,153,758 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Procter & Gamble by 9.3% in the second quarter. Morgan Stanley now owns 15,597,268 shares of the company’s stock valued at $1,710,240,000 after purchasing an additional 1,332,040 shares during the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Ma. Fatima Francisco sold 1,729 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Steven D. Bishop sold 41,165 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the transaction, the chief executive officer now owns 45,176 shares of the company’s stock, valued at $5,572,911.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,288,513 shares of company stock valued at $159,734,252. Company insiders own 1.75% of the company’s stock.

Several equities research analysts recently commented on the company. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised their target price on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their target price on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Macquarie raised their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average target price of $119.07.

PG stock opened at $125.96 on Thursday. The business has a fifty day moving average of $124.20 and a two-hundred day moving average of $120.41. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market cap of $310.95 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.40. Procter & Gamble Co has a 52-week low of $89.08 and a 52-week 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, topping the 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 quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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