Duncker Streett & Co. Inc. Has $3.85 Million Holdings in The Procter & Gamble Company (NYSE:PG)


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Duncker Streett & Co. Inc. cut its holdings in The Procter & Gamble Company (NYSE:PG) by 43.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,392 shares of the company’s stock after selling 21,585 shares during the period. Duncker Streett & Co. Inc.’s holdings in The Procter & Gamble were worth $3,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allied Investment Advisors LLC increased its holdings in The Procter & Gamble by 3.8% during the first quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock worth $5,972,000 after buying an additional 1,601 shares during the last quarter. Bangor Savings Bank increased its holdings in The Procter & Gamble by 1.2% during the fourth quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after buying an additional 86 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in The Procter & Gamble by 17.5% during the first quarter. Exchange Traded Concepts LLC now owns 39,894 shares of the company’s stock worth $5,403,000 after buying an additional 5,948 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in The Procter & Gamble by 3.7% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,899 shares of the company’s stock worth $403,000 after buying an additional 104 shares during the last quarter. Finally, Novak Financial Planning LLC acquired a new position in shares of The Procter & Gamble in the fourth quarter valued at $2,533,000. Institutional investors own 63.05% of the company’s stock.

In other The Procter & Gamble news, VP Valarie L. Sheppard sold 1,811 shares of the business’s stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven D. Bishop sold 3,173 shares of the business’s stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $399,068.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,215 shares of company stock valued at $72,179,449. Insiders own 0.70% of the company’s stock.

PG opened at $134.68 on Tuesday. The Procter & Gamble Company has a twelve month low of $111.25 and a twelve month high of $146.92. The company has a 50-day simple moving average of $133.89 and a 200 day simple moving average of $134.79. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $329.73 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 3.25 and a beta of 0.38.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The Procter & Gamble’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be paid a dividend of $0.8698 per share. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, April 22nd. This represents a $3.48 annualized dividend and a yield of 2.58%. The Procter & Gamble’s payout ratio is presently 67.97%.

Several equities analysts have commented on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and issued a $150.00 price objective (down from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, April 27th. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Friday, January 22nd. Stifel Nicolaus downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price objective on the stock. in a report on Thursday, January 28th. Finally, Sanford C. Bernstein initiated coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The Procter & Gamble currently has a consensus rating of “Buy” and a consensus target price of $148.93.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Limitations of analyzing profit margin

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

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