Curbstone Financial Management Corp Sells 800 Shares of The Procter & Gamble Company (NYSE:PG)


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Curbstone Financial Management Corp reduced its stake in The Procter & Gamble Company (NYSE:PG) by 3.4% during the 1st quarter, Holdings Channel reports. The fund owned 22,768 shares of the company’s stock after selling 800 shares during the period. Curbstone Financial Management Corp’s holdings in The Procter & Gamble were worth $3,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PG. MD Financial Management Inc. bought a new position in The Procter & Gamble in the 4th quarter valued at about $28,000. Greenhouse Wealth Management LLC acquired a new position in shares of The Procter & Gamble during the 4th quarter worth approximately $31,000. Luken Investment Analytics LLC acquired a new position in shares of The Procter & Gamble during the 4th quarter worth approximately $34,000. Flagship Private Wealth LLC acquired a new position in shares of The Procter & Gamble during the 4th quarter worth approximately $36,000. Finally, Grant Street Asset Management Inc. acquired a new position in shares of The Procter & Gamble during the 4th quarter worth approximately $43,000. 63.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PG. Zacks Investment Research lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a research report on Thursday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, January 13th. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price target on the stock. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Friday, January 22nd. Finally, Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research report on Thursday, January 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $148.53.

In other news, VP Valarie L. Sheppard sold 1,811 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $227,769.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven D. Bishop sold 3,173 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $399,068.21. The disclosure for this sale can be found here. In the last three months, insiders sold 629,838 shares of company stock valued at $81,120,667. 0.70% of the stock is owned by insiders.

NYSE:PG traded up $0.55 on Thursday, hitting $137.29. The company had a trading volume of 43,379 shares, compared to its average volume of 8,402,357. The stock has a market capitalization of $338.07 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 3.25 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $129.24 and a two-hundred day moving average of $135.38. The Procter & Gamble Company has a 52 week low of $111.25 and a 52 week high of $146.92.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 19th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. The business had revenue of $19.75 billion during the quarter, compared to the consensus estimate of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 22nd were paid a $0.7907 dividend. This represents a $3.16 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, January 21st. The Procter & Gamble’s payout ratio is 61.72%.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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