Dalton Greiner Hartman Maher & Co. grew its position in Procter & Gamble Co (NYSE:PG) by 489.7% in the third quarter, Holdings Channel reports. The fund owned 82,583 shares of the company’s stock after acquiring an additional 68,579 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Procter & Gamble were worth $10,272,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in PG. D Orazio & Associates Inc. grew its holdings in Procter & Gamble by 3.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after acquiring an additional 98 shares during the period. NEXT Financial Group Inc grew its holdings in Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after acquiring an additional 12,038 shares during the period. Homrich & Berg grew its holdings in Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after acquiring an additional 1,291 shares during the period. Bellecapital International Ltd. grew its holdings in Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after acquiring an additional 1,025 shares during the period. Finally, First National Bank of South Miami grew its holdings in Procter & Gamble by 5.1% during the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock worth $823,000 after acquiring an additional 340 shares during the period. 65.62% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on PG. TheStreet downgraded Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price target (up from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $108.95.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. Equities analysts predict that Procter & Gamble Co will post 4.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the completion of the transaction, the vice president now owns 26,094 shares in the company, valued at approximately $3,140,673.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders have sold a total of 448,674 shares of company stock valued at $53,197,461 in the last quarter. Company insiders own 1.75% of the company’s stock.
Procter & Gamble Profile
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.
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