Juno Financial Group LLC Purchases New Position in Procter & Gamble Company (The) $PG

Juno Financial Group LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PGFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 26,142 shares of the company’s stock, valued at approximately $3,746,000. Procter & Gamble accounts for approximately 1.5% of Juno Financial Group LLC’s portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the third quarter worth $25,000. Maseco LLP acquired a new position in Procter & Gamble in the fourth quarter worth $28,000. Saranac Partners Ltd acquired a new position in Procter & Gamble in the third quarter worth $30,000. Corundum Trust Company INC acquired a new position in Procter & Gamble in the third quarter worth $32,000. Finally, Caitlin John LLC acquired a new position in Procter & Gamble in the third quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. BNP Paribas Exane cut their price target on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Bank of America cut their price target on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Morgan Stanley cut their price target on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.32.

View Our Latest Report on Procter & Gamble

Procter & Gamble Trading Up 0.3%

NYSE PG opened at $142.81 on Thursday. The stock has a 50-day simple moving average of $150.87 and a 200 day simple moving average of $148.74. The company has a market capitalization of $331.89 billion, a PE ratio of 21.16, a P/E/G ratio of 5.48 and a beta of 0.41. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. Research analysts forecast that Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, April 24th. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

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

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