Eagle Asset Management Inc. raised its stake in Procter & Gamble Co (NYSE:PG) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,833,812 shares of the company’s stock after purchasing an additional 25,116 shares during the period. Procter & Gamble accounts for approximately 1.0% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 7th biggest position. Eagle Asset Management Inc.’s holdings in Procter & Gamble were worth $168,288,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. grew its stake in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble during the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble during the third quarter worth about $125,000. Blume Capital Management Inc. lifted its position in Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Finally, Litman Gregory Asset Management LLC bought a new stake in Procter & Gamble during the third quarter worth about $173,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Vetr raised 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 research report on Thursday, February 1st. Finally, Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Procter & Gamble presently has an average rating of “Buy” and a consensus price target of $88.38.
Procter & Gamble Co (NYSE PG) opened at $80.68 on Thursday. The company has a market cap of $203,390.00, a PE ratio of 21.81, a PEG ratio of 2.54 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a fifty-two week low of $78.59 and a fifty-two week high of $94.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. equities research analysts forecast that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 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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