Oakbrook Investments LLC Reduces Position in Procter & Gamble Co (NYSE:PG)

Oakbrook Investments LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 79.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,182 shares of the company’s stock after selling 28,473 shares during the quarter. Oakbrook Investments LLC’s holdings in Procter & Gamble were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Johanson Financial Advisors Inc. lifted its holdings in Procter & Gamble by 12,360.9% during the fourth quarter. Johanson Financial Advisors Inc. now owns 2,598,715 shares of the company’s stock valued at $20,807,000 after purchasing an additional 2,577,860 shares during the last quarter. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares during the last quarter. State Street Corp lifted its holdings in Procter & Gamble by 1.4% during the third quarter. State Street Corp now owns 118,454,191 shares of the company’s stock valued at $14,733,332,000 after purchasing an additional 1,585,813 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Procter & Gamble by 158.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,919,565 shares of the company’s stock worth $239,754,000 after buying an additional 1,177,862 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Procter & Gamble by 2,394.6% in the third quarter. Point72 Asset Management L.P. now owns 1,015,300 shares of the company’s stock worth $126,283,000 after buying an additional 974,600 shares in the last quarter. 63.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of PG stock traded up $0.61 during trading on Friday, hitting $125.57. The company had a trading volume of 3,078,031 shares, compared to its average volume of 7,062,062. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $125.01 and its two-hundred day moving average is $122.11. The stock has a market capitalization of $311.57 billion, a price-to-earnings ratio of 74.30, a price-to-earnings-growth ratio of 3.34 and a beta of 0.36. Procter & Gamble Co has a 52 week low of $97.75 and a 52 week high of $128.09.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.05. The company had revenue of $18.24 billion for the quarter, compared to analysts’ expectations of $18.37 billion. Procter & Gamble had a net margin of 6.92% and a return on equity of 27.14%. Procter & Gamble’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. On average, research analysts predict that Procter & Gamble Co will post 4.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

A number of equities research analysts have recently issued reports on PG shares. Berenberg Bank reissued a “hold” rating and issued a $130.00 price target on shares of Procter & Gamble in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Macquarie increased their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $119.00 price target on shares of Procter & Gamble in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.86.

In related news, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total value of $210,938.00. Following the transaction, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 37,385 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $126.28, for a total transaction of $4,720,977.80. Following the completion of the transaction, the insider now owns 60,191 shares in the company, valued at $7,600,919.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,411 shares of company stock worth $12,652,757. 1.75% of the stock is owned by company insiders.

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.

Featured Story: Price-Sales Ratio

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.