Cypress Capital Management LLC grew its holdings in Procter & Gamble Co (NYSE:PG) by 12.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,219 shares of the company’s stock after buying an additional 15,785 shares during the period. Procter & Gamble accounts for about 2.1% of Cypress Capital Management LLC’s holdings, making the stock its 16th biggest holding. Cypress Capital Management LLC’s holdings in Procter & Gamble were worth $11,024,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of PG. HC Financial Advisors Inc. bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $1,738,000. GW Henssler & Associates Ltd. increased its stake in shares of Procter & Gamble by 2.4% during the first quarter. GW Henssler & Associates Ltd. now owns 158,195 shares of the company’s stock worth $12,542,000 after purchasing an additional 3,767 shares during the period. Shufro Rose & Co. LLC bought a new position in shares of Procter & Gamble during the first quarter worth approximately $224,000. Aspiriant LLC increased its stake in shares of Procter & Gamble by 1,252.4% during the first quarter. Aspiriant LLC now owns 65,971 shares of the company’s stock worth $5,230,000 after purchasing an additional 61,093 shares during the period. Finally, Vaughan David Investments LLC IL increased its stake in shares of Procter & Gamble by 2.7% during the first quarter. Vaughan David Investments LLC IL now owns 298,533 shares of the company’s stock worth $23,668,000 after purchasing an additional 7,761 shares during the period. Institutional investors and hedge funds own 58.54% of the company’s stock.
A number of brokerages have recently weighed in on PG. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price on shares of Procter & Gamble in a research note on Monday, October 22nd. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Morgan Stanley set a $91.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Berenberg Bank set a $78.00 target price on Procter & Gamble and gave the stock a “sell” rating in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.66.
Shares of NYSE:PG opened at $89.81 on Friday. The company has a market cap of $226.41 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.95 and a beta of 0.37. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $93.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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