Curbstone Financial Management Corp Has $3.08 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Curbstone Financial Management Corp cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,768 shares of the company’s stock after selling 800 shares during the quarter. Curbstone Financial Management Corp’s holdings in The Procter & Gamble were worth $3,083,000 at the end of the most recent quarter.

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

PG stock traded up $0.55 during trading 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 company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $129.24 and a 200-day moving average price of $135.38. The Procter & Gamble Company has a 12 month low of $111.25 and a 12 month high of $146.92. The stock has a market cap 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 Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The firm had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $19.23 billion. During the same quarter in the previous year, the company posted $1.42 EPS. The Procter & Gamble’s revenue was up 8.3% on a year-over-year basis. Equities analysts expect 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 given 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 dividend payout ratio (DPR) is presently 61.72%.

In other The Procter & Gamble news, CEO Steven D. Bishop sold 3,173 shares of The Procter & Gamble 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction on Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. Insiders sold a total of 629,838 shares of company stock valued at $81,120,667 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

A number of research analysts have commented 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 for the company in a research note on Friday, January 22nd. Zacks Investment Research cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research note on Thursday, January 21st. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a research note on Thursday, January 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, January 13th. Finally, Sanford C. Bernstein started coverage on shares of The Procter & Gamble in a research note on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price for the company. Five equities research 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.

The Procter & Gamble Company Profile

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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