Texan Capital Management Has $2.30 Million Stake in Procter & Gamble (PG)

Texan Capital Management reduced its position in Procter & Gamble (NYSE:PG) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,012 shares of the company’s stock after selling 705 shares during the quarter. Procter & Gamble comprises about 1.5% of Texan Capital Management’s holdings, making the stock its 25th biggest holding. Texan Capital Management’s holdings in Procter & Gamble were worth $2,298,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC lifted its holdings in shares of Procter & Gamble by 0.8% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,001 shares of the company’s stock worth $262,000 after acquiring an additional 25 shares during the last quarter. JT Stratford LLC lifted its holdings in shares of Procter & Gamble by 0.6% in the 2nd quarter. JT Stratford LLC now owns 4,060 shares of the company’s stock worth $354,000 after acquiring an additional 25 shares during the last quarter. American Asset Management Inc. lifted its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. American Asset Management Inc. now owns 4,036 shares of the company’s stock worth $352,000 after acquiring an additional 49 shares during the last quarter. Ken Stern & Associates Inc. lifted its holdings in shares of Procter & Gamble by 0.8% in the 2nd quarter. Ken Stern & Associates Inc. now owns 6,189 shares of the company’s stock worth $540,000 after acquiring an additional 50 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of Procter & Gamble by 0.7% in the 2nd quarter. Krilogy Financial LLC now owns 6,938 shares of the company’s stock worth $605,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

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Shares of NYSE PG opened at $73.00 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Procter & Gamble has a 52 week low of $72.76 and a 52 week high of $94.67. The firm has a market capitalization of $186,050.09, a P/E ratio of 18.62, a PEG ratio of 2.34 and a beta of 0.56.



Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The company had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts anticipate that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.93%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s payout ratio is presently 73.21%.

PG has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. JPMorgan Chase boosted their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Tuesday, January 16th. Finally, Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $83.91.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by insiders.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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