Tiedemann Wealth Management LLC boosted its position in Procter & Gamble Co (NYSE:PG) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,792 shares of the company’s stock after buying an additional 3,824 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Procter & Gamble were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Procter & Gamble by 2.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 11,785,825 shares of the company’s stock valued at $1,072,275,000 after purchasing an additional 236,646 shares during the period. Barings LLC boosted its stake in shares of Procter & Gamble by 22.3% during the third quarter. Barings LLC now owns 132,272 shares of the company’s stock valued at $12,034,000 after purchasing an additional 24,100 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Procter & Gamble by 2.3% during the third quarter. Commonwealth Bank of Australia now owns 307,311 shares of the company’s stock valued at $27,952,000 after purchasing an additional 6,959 shares during the period. Investec Asset Management LTD boosted its stake in shares of Procter & Gamble by 4.4% during the third quarter. Investec Asset Management LTD now owns 1,475,736 shares of the company’s stock valued at $134,262,000 after purchasing an additional 62,420 shares during the period. Finally, Zeke Capital Advisors LLC boosted its stake in shares of Procter & Gamble by 85.6% during the third quarter. Zeke Capital Advisors LLC now owns 45,769 shares of the company’s stock valued at $4,164,000 after purchasing an additional 21,113 shares during the period. 61.05% of the stock is owned by institutional investors and hedge funds.
In other news, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $255,574.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. sell-side analysts predict that Procter & Gamble Co will post 4.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.49%. Procter & Gamble’s dividend payout ratio (DPR) is 70.23%.
A number of analysts have recently weighed in on PG shares. Jefferies Group reissued a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research note on Monday, December 18th. Morgan Stanley increased their price objective on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Stifel Nicolaus raised their price target on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank started coverage on Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble presently has a consensus rating of “Buy” and a consensus target price of $87.37.
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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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