Hallmark Capital Management Inc. trimmed its stake in Procter & Gamble Co (NYSE:PG) by 11.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,381 shares of the company’s stock after selling 4,080 shares during the period. Hallmark Capital Management Inc.’s holdings in Procter & Gamble were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Procter & Gamble in the first quarter worth $522,000. Security National Bank of SO Dak acquired a new stake in shares of Procter & Gamble in the first quarter worth $206,000. Almanack Investment Partners LLC. acquired a new stake in shares of Procter & Gamble in the first quarter worth $254,000. Financial Advisors Network Inc. increased its stake in shares of Procter & Gamble by 9.8% in the first quarter. Financial Advisors Network Inc. now owns 14,895 shares of the company’s stock worth $1,285,000 after acquiring an additional 1,330 shares during the period. Finally, Pensionfund DSM Netherlands acquired a new stake in Procter & Gamble during the second quarter valued at $8,018,000. 59.57% of the stock is owned by hedge funds and other institutional investors.
PG has been the topic of several research reports. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, January 8th. Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Jefferies Group reiterated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research report on Tuesday, October 10th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and a consensus target price of $88.51.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. equities analysts forecast that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.04%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.
In related news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,719 shares of company stock worth $1,661,544. Corporate insiders own 0.35% of the company’s stock.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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