State of Alaska Department of Revenue lessened its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,413 shares of the company’s stock after selling 5,280 shares during the period. Procter & Gamble accounts for about 0.5% of State of Alaska Department of Revenue’s portfolio, making the stock its 27th biggest holding. State of Alaska Department of Revenue’s holdings in Procter & Gamble were worth $45,009,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of PG. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Insider Transactions at Procter & Gamble
In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the sale, the chief executive officer now owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 in the last quarter. Insiders own 0.17% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Procter & Gamble
Procter & Gamble Stock Down 0.1 %
Procter & Gamble stock opened at $163.76 on Thursday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm’s 50-day simple moving average is $165.70 and its 200 day simple moving average is $159.15. The stock has a market cap of $386.50 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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