Stifel Financial Corp Has $214.72 Million Position in Procter & Gamble Company (The) (PG)

Stifel Financial Corp boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,466,799 shares of the company’s stock after purchasing an additional 43,282 shares during the period. Procter & Gamble comprises about 0.8% of Stifel Financial Corp’s investment portfolio, making the stock its 13th biggest position. Stifel Financial Corp owned 0.10% of Procter & Gamble worth $214,717,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Polaris Greystone Financial Group LLC raised its stake in shares of Procter & Gamble by 0.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 35,610 shares of the company’s stock worth $3,200,000 after acquiring an additional 287 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Procter & Gamble by 1.3% in the first quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock worth $25,686,000 after acquiring an additional 3,787 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Procter & Gamble by 3.2% in the first quarter. North Star Investment Management Corp. now owns 44,576 shares of the company’s stock worth $4,005,000 after acquiring an additional 1,377 shares during the last quarter. Tufton Capital Management raised its stake in shares of Procter & Gamble by 0.5% in the first quarter. Tufton Capital Management now owns 111,997 shares of the company’s stock worth $10,063,000 after acquiring an additional 558 shares during the last quarter. Finally, Biondo Investment Advisors LLC raised its stake in shares of Procter & Gamble by 18.0% in the first quarter. Biondo Investment Advisors LLC now owns 3,275 shares of the company’s stock worth $277,000 after acquiring an additional 500 shares during the last quarter. 59.54% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. Jefferies Group reiterated a “buy” rating and set a $88.23 price target (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Vetr cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a research report on Tuesday, November 7th. Morgan Stanley lowered their price target on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Finally, Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $87.81.

Shares of Procter & Gamble Company (PG) traded up $0.27 during midday trading on Friday, reaching $90.37. 5,580,725 shares of the company were exchanged, compared to its average volume of 6,196,935. The firm has a market capitalization of $229,264.91, a PE ratio of 22.71, a P/E/G ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a 52-week low of $83.24 and a 52-week high of $94.67.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is currently 48.51%.

In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the transaction, the insider now owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,575 shares of company stock valued at $1,927,095. Corporate insiders own 0.35% of the company’s stock.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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