Brookmont Capital Management Has $5.18 Million Stake in Procter & Gamble (PG)

Brookmont Capital Management grew its position in Procter & Gamble (NYSE:PG) by 53.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,369 shares of the company’s stock after purchasing an additional 19,521 shares during the quarter. Procter & Gamble makes up about 2.2% of Brookmont Capital Management’s portfolio, making the stock its 27th largest position. Brookmont Capital Management’s holdings in Procter & Gamble were worth $5,179,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PG. Bfsg LLC boosted its stake in Procter & Gamble by 1.8% during the fourth quarter. Bfsg LLC now owns 32,113 shares of the company’s stock worth $2,951,000 after acquiring an additional 555 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Procter & Gamble by 2.5% during the third quarter. First Heartland Consultants Inc. now owns 22,977 shares of the company’s stock worth $2,090,000 after acquiring an additional 563 shares in the last quarter. Indiana Trust & Investment Management CO boosted its stake in Procter & Gamble by 2.0% during the fourth quarter. Indiana Trust & Investment Management CO now owns 29,162 shares of the company’s stock worth $2,680,000 after acquiring an additional 568 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in Procter & Gamble by 1.4% during the fourth quarter. Moloney Securities Asset Management LLC now owns 43,783 shares of the company’s stock worth $4,023,000 after acquiring an additional 590 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in Procter & Gamble by 0.5% during the fourth quarter. Capital Investment Advisors LLC now owns 121,687 shares of the company’s stock worth $11,181,000 after acquiring an additional 607 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

PG has been the topic of several research analyst reports. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price on the stock in a research note on Thursday, February 1st. Berenberg Bank initiated coverage on shares of Procter & Gamble in a research note on Wednesday, February 28th. They set a “sell” rating and a $78.50 target price on the stock. Finally, Deutsche Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research note on Friday, April 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Procter & Gamble has an average rating of “Hold” and a consensus target price of $82.85.

Procter & Gamble stock opened at $73.17 on Friday. Procter & Gamble has a 1-year low of $70.73 and a 1-year high of $94.67. The firm has a market capitalization of $186.68 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. equities research analysts predict that Procter & Gamble will post 4.2 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th were issued a $0.7172 dividend. The ex-dividend date was Thursday, April 19th. This represents a $2.87 annualized dividend and a dividend yield of 3.92%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio is currently 73.21%.

In other news, insider Steven D. Bishop sold 2,075 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.87, for a total value of $149,130.25. Following the completion of the sale, the insider now owns 42,524 shares in the company, valued at $3,056,199.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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