Procter & Gamble Co (NYSE:PG) Holdings Trimmed by Pillar Pacific Capital Management LLC
Pillar Pacific Capital Management LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 25.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,373 shares of the company’s stock after selling 5,319 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Procter & Gamble were worth $1,200,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in Procter & Gamble during the 1st quarter valued at approximately $144,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $149,000. Clearwater Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $154,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after acquiring an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $170,000. 58.78% of the stock is owned by institutional investors and hedge funds.
PG stock traded down $0.01 during midday trading on Tuesday, hitting $93.31. 10,304,630 shares of the company’s stock were exchanged, compared to its average volume of 9,329,492. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The firm has a market cap of $238.26 billion, a PE ratio of 22.11, a P/E/G ratio of 3.10 and a beta of 0.37. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.86.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a $0.7172 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.07%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.
Several equities analysts recently commented on the company. Citigroup raised their target price on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $91.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Monday, October 22nd. SunTrust Banks raised their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price target on shares of Procter & Gamble in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.38.
In related news, insider Juan Fernando Posada sold 1,068 shares of Procter & Gamble stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the sale, the insider now owns 26,739 shares of the company’s stock, valued at $2,504,374.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 19,791 shares of Procter & Gamble stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total value of $1,834,823.61. Following the completion of the sale, the insider now directly owns 60,575 shares in the company, valued at approximately $5,615,908.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 502,927 shares of company stock worth $46,437,282. Corporate insiders own 1.84% of the company’s stock.
Procter & Gamble Company 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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