New England Investment & Retirement Group Inc. Buys Shares of 18,317 The Procter & Gamble Company (NYSE:PG)


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New England Investment & Retirement Group Inc. purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the 1st quarter, Holdings Channel reports. The fund purchased 18,317 shares of the company’s stock, valued at approximately $2,481,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swarthmore Group Inc. raised its holdings in The Procter & Gamble by 1,175.8% during the first quarter. Swarthmore Group Inc. now owns 41,464 shares of the company’s stock worth $5,615,000 after purchasing an additional 38,214 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of The Procter & Gamble by 3.2% in the first quarter. WASHINGTON TRUST Co now owns 122,631 shares of the company’s stock valued at $16,608,000 after purchasing an additional 3,859 shares during the period. Delta Asset Management LLC TN grew its position in shares of The Procter & Gamble by 0.7% in the first quarter. Delta Asset Management LLC TN now owns 260,601 shares of the company’s stock valued at $35,293,000 after purchasing an additional 1,890 shares during the period. DekaBank Deutsche Girozentrale grew its position in The Procter & Gamble by 4.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 3,130,666 shares of the company’s stock valued at $425,457,000 after acquiring an additional 146,146 shares during the period. Finally, Atlas Private Wealth Advisors grew its position in The Procter & Gamble by 14.5% during the first quarter. Atlas Private Wealth Advisors now owns 7,969 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,012 shares during the period. 63.05% of the stock is owned by institutional investors and hedge funds.

In related news, VP Valarie L. Sheppard sold 1,811 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $227,769.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 12,872 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Over the last ninety days, insiders have sold 560,215 shares of company stock valued at $72,179,449. Insiders own 0.70% of the company’s stock.

The Procter & Gamble stock traded up $0.13 during mid-day trading on Tuesday, reaching $135.13. 48,458 shares of the company traded hands, compared to its average volume of 8,280,199. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The firm’s 50 day moving average price is $133.89 and its 200 day moving average price is $134.79. The firm has a market capitalization of $330.83 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 Company has a 52-week low of $111.25 and a 52-week high of $146.92.

The Procter & Gamble (NYSE:PG) last released its earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.07. The firm had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be issued a dividend of $0.8698 per share. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, April 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is 67.97%.

Several research analysts recently commented on PG shares. Deutsche Bank Aktiengesellschaft cut their price target on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, April 27th. JPMorgan Chase & Co. reduced their target price on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, April 22nd. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Friday, January 22nd. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a research note on Thursday, January 28th. Finally, Zacks Investment Research cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research note on Thursday, January 21st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target 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.

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

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