Advanced Asset Management Advisors Inc Takes $1.08 Million Position in Procter & Gamble (PG)

Advanced Asset Management Advisors Inc purchased a new stake in shares of Procter & Gamble (NYSE:PG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,713 shares of the company’s stock, valued at approximately $1,076,000.

Several other large investors also recently modified their holdings of the company. Truepoint Inc. boosted its position in shares of Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after buying an additional 26,584,514 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Procter & Gamble by 60,483.0% during the third quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock valued at $220,392,000 after buying an additional 2,419,319 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Procter & Gamble by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 8,693,500 shares of the company’s stock valued at $790,927,000 after buying an additional 1,171,369 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Procter & Gamble by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after buying an additional 1,064,665 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of Procter & Gamble by 139.0% during the third quarter. TCW Group Inc. now owns 1,415,373 shares of the company’s stock valued at $128,771,000 after buying an additional 823,070 shares during the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.

Several equities research analysts recently commented on PG shares. Morgan Stanley increased their price objective on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. JPMorgan Chase increased their price objective on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Finally, Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $82.85.

In related news, insider Jeffrey K. Schomburger sold 37,776 shares of Procter & Gamble stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $81.37, for a total transaction of $3,073,833.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The disclosure for this sale can be found here. Insiders sold 45,456 shares of company stock worth $3,663,460 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

NYSE PG opened at $73.96 on Friday. 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 has a 52 week low of $72.98 and a 52 week high of $73.65. The stock has a market capitalization of $183.91 billion, a PE ratio of 18.87, a P/E/G ratio of 2.36 and a beta of 0.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th were paid a $0.7172 dividend. The ex-dividend date was Thursday, April 19th. This represents a $2.87 annualized dividend and a dividend yield of 3.88%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio (DPR) is 73.21%.

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.

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

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