O Shaughnessy Asset Management LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 21.4% in the third quarter, Holdings Channel.com reports. The fund owned 228,291 shares of the company’s stock after buying an additional 40,273 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Procter & Gamble were worth $31,948,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Procter & Gamble by 2.1% during the second quarter. Geode Capital Management LLC now owns 41,492,829 shares of the company’s stock worth $5,584,128,000 after purchasing an additional 857,975 shares in the last quarter. Morgan Stanley lifted its position in Procter & Gamble by 5.0% during the 2nd quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock worth $4,655,181,000 after buying an additional 1,632,893 shares in the last quarter. FMR LLC lifted its position in Procter & Gamble by 7.5% during the 2nd quarter. FMR LLC now owns 25,132,944 shares of the company’s stock worth $3,391,188,000 after buying an additional 1,746,707 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,261,722 shares of the company’s stock worth $2,059,266,000 after purchasing an additional 235,132 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of Procter & Gamble by 566,378.0% during the 2nd quarter. Magellan Asset Management Ltd now owns 13,340,557 shares of the company’s stock worth $1,800,041,000 after purchasing an additional 13,338,202 shares during the last quarter. 62.86% of the stock is owned by hedge funds and other institutional investors.
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,115 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $148.40, for a total value of $1,204,266.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael G. Homan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $146.81, for a total value of $1,468,100.00. The disclosure for this sale can be found here. Insiders sold 151,249 shares of company stock worth $22,257,187 in the last quarter. 0.51% of the stock is owned by insiders.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.87 billion. During the same period last year, the firm posted $1.63 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 5.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Investors of record on Friday, January 21st will be issued a $0.8698 dividend. The ex-dividend date is Thursday, January 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.19%. Procter & Gamble’s payout ratio is currently 63.62%.
A number of research analysts have issued reports on the stock. Berenberg Bank restated a “hold” rating and set a $146.00 target price on shares of Procter & Gamble in a research report on Wednesday, October 20th. Bank of America initiated coverage on shares of Procter & Gamble in a research note on Tuesday, October 5th. They issued a “buy” rating for the company. Royal Bank of Canada restated a “hold” rating and issued a $150.00 price target on shares of Procter & Gamble in a research report on Tuesday, December 21st. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Tuesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $163.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, October 20th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.44.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.
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