Procter & Gamble Co (PG) Position Raised by Harvey Investment Co. LLC

Harvey Investment Co. LLC increased its stake in Procter & Gamble Co (NYSE:PG) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 60,783 shares of the company’s stock after acquiring an additional 4,700 shares during the quarter. Harvey Investment Co. LLC’s holdings in Procter & Gamble were worth $5,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Eukles Asset Management purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $80,000. Tributary Capital Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $91,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $94,000. Ayalon Holdings Ltd. purchased a new stake in shares of Procter & Gamble during the third quarter worth $108,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Procter & Gamble during the third quarter worth $111,000. 61.49% of the stock is owned by institutional investors.

In other Procter & Gamble news, SVP Valarie L. Sheppard sold 1,236 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $100.12, for a total value of $123,748.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Juan Fernando Posada sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $99.45, for a total transaction of $298,350.00. Following the completion of the transaction, the insider now directly owns 26,436 shares in the company, valued at approximately $2,629,060.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,089 shares of company stock worth $36,837,483. Corporate insiders own 1.84% of the company’s stock.

Shares of PG stock opened at $107.45 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. The stock has a market cap of $270.88 billion, a PE ratio of 25.46, a PEG ratio of 3.46 and a beta of 0.39. Procter & Gamble Co has a twelve month low of $72.80 and a twelve month high of $108.68.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, analysts forecast that Procter & Gamble Co will post 4.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a dividend of $0.7459 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, April 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.78%. Procter & Gamble’s payout ratio is presently 70.62%.

PG has been the subject of a number of research reports. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. SunTrust Banks upped their target price on shares of Procter & Gamble to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “hold” rating and set a $91.00 target price on shares of Procter & Gamble in a report on Wednesday, January 23rd. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $95.00 target price on shares of Procter & Gamble in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $101.42.

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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.

See Also: Green Investing

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

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