Procter & Gamble Co (PG) Shares Bought by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 30.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,075 shares of the company’s stock after purchasing an additional 6,155 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Procter & Gamble were worth $2,396,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Trillium Asset Management LLC lifted its holdings in shares of Procter & Gamble by 2.0% in the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after purchasing an additional 3,387 shares in the last quarter. Aviva PLC lifted its holdings in shares of Procter & Gamble by 1.7% in the 2nd quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock worth $158,162,000 after purchasing an additional 30,897 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Procter & Gamble by 1,094.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after purchasing an additional 675,013 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Procter & Gamble by 21.9% in the 3rd quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock worth $686,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Spectrum Management Group Inc. lifted its holdings in shares of Procter & Gamble by 221.4% in the 3rd quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock worth $2,980,000 after purchasing an additional 22,565 shares in the last quarter. Hedge funds and other institutional investors own 60.11% of the company’s stock.

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In other news, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah P. Majoras sold 4,591 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,011 shares of company stock valued at $9,710,976. Insiders own 0.35% of the company’s stock.

A number of brokerages recently issued reports on PG. Jefferies Group reiterated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 target price on shares of Procter & Gamble in a report on Tuesday, January 23rd. Wells Fargo & Co reiterated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Stifel Nicolaus increased their target price on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Berenberg Bank began coverage on Procter & Gamble in a report on Wednesday, February 28th. They issued a “sell” rating and a $78.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has an average rating of “Buy” and an average price target of $87.37.

Shares of Procter & Gamble Co (NYSE:PG) opened at $80.29 on Monday. The company has a market capitalization of $202,410.00, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.50 and a beta of 0.58. Procter & Gamble Co has a 12-month low of $77.90 and a 12-month high of $94.67. 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 (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 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 return on equity of 20.66% and a net margin of 15.34%. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. equities analysts anticipate that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 70.23%.

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

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