Johnson Financial Group Inc. Buys 790 Shares of Procter & Gamble Co (PG)

Johnson Financial Group Inc. increased its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.5% during the 3rd quarter, Holdings Channel reports. The fund owned 52,818 shares of the company’s stock after purchasing an additional 790 shares during the quarter. Johnson Financial Group Inc.’s holdings in Procter & Gamble were worth $4,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cadence Capital Management LLC lifted its holdings in Procter & Gamble by 0.7% in the 3rd quarter. Cadence Capital Management LLC now owns 141,459 shares of the company’s stock worth $12,870,000 after buying an additional 1,028 shares during the period. Destination Wealth Management lifted its holdings in Procter & Gamble by 2.6% in the 3rd quarter. Destination Wealth Management now owns 53,052 shares of the company’s stock worth $4,827,000 after buying an additional 1,357 shares during the period. Founders Financial Securities LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $586,000. Hartland & Co. LLC lifted its holdings in Procter & Gamble by 9.6% in the 3rd quarter. Hartland & Co. LLC now owns 65,897 shares of the company’s stock worth $5,995,000 after buying an additional 5,781 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in Procter & Gamble by 571.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 18,031 shares of the company’s stock worth $1,640,000 after buying an additional 15,347 shares during the period. Institutional investors and hedge funds own 59.85% of the company’s stock.

Several equities research analysts have weighed in on PG shares. Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a report on Monday, October 23rd. Deutsche Bank started coverage on Procter & Gamble in a report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective for the company. Jefferies Group reiterated a “buy” rating and issued a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Buy” and an average target price of $88.38.

In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of Procter & Gamble stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $82.09, for a total transaction of $739,220.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders have sold 76,806 shares of company stock valued at $6,750,355 in the last quarter. 0.35% of the stock is owned by company insiders.

Procter & Gamble Co (NYSE:PG) opened at $82.60 on Friday. The company has a market capitalization of $208,230.00, a P/E ratio of 22.32, a PEG ratio of 2.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a one year low of $78.59 and a one year high of $94.67.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is 74.59%.

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About Procter & Gamble

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

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