Coastal Investment Advisors Inc. has a position of $ 8.91 million in The Procter & Gamble Company (NYSE: PG)


Coastal Investment Advisors Inc. rose its stake in The Procter & Gamble Company (NYSE: PG – Get Rating) by 4.6% in the first quarter, according to HoldingsChannel.com. The fund owned 58,314 shares of the company’s shares after acquiring an additional 2,547 shares during the period. Procter & Gamble accounts for about 1.8% of the shares of Coastal Investment Advisors Inc., making the shares the 10th largest holding. The holdings of Coastal Investment Advisors Inc. at Procter & Gamble are worth $ 8,910,000 at the last SEC filing.

Several other institutional investors and hedge funds have also recently added or reduced their stakes in the company. EagleClaw Capital Management LLC raised its position in Procter & Gamble shares by 17.0% in the third quarter. EagleClaw Capital Managment LLC already owns 6,775 shares of the company’s stock worth $ 946,000 after buying an additional 985 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the third quarter worth about $ 83,000. Psagot Value Holdings Ltd. raised its position in Procter & Gamble shares by 4.9% in the third quarter. Psagot Value Holdings Ltd. now owns 68,690 shares of the company’s stock worth $ 9,603,000 after buying an additional 3,189 shares in the last quarter. Studio Investment Management LLC acquired a new position in shares of Procter & Gamble in the third quarter worth about $ 6,908,000. Finally, Willis Investment Counsel raised its position in Procter & Gamble shares by 7.6% in the third quarter. Willis Investment Counsel already owns 230,100 shares of the company’s stock worth $ 32,168,000 after buying an additional 16,200 shares in the last quarter. Institutional investors own 63.64% of the company’s shares.

Several research firms recently weighed PG. Deutsche Bank Aktiengesellschaft reduced its price target for Procter & Gamble from $ 171.00 to $ 157.00 in a research report on Tuesday. Raymond James raised his price target for Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock a rating of “superior” in a research report on Thursday, April 21. Barclays lowered its target price for Procter & Gamble from $ 176.00 to $ 157.00 and set a rating for the company’s “overweight” in a report on Monday, May 23. JPMorgan Chase & Co. downgraded Procter & Gamble’s rating from overweight to neutral and lowered its target price for the company from $ 181.00 to $ 165.00 in a report on Wednesday, March 30th. Finally, Wells Fargo & Company lowered its target price for Procter & Gamble from $ 180.00 to $ 170.00 and set a rating for the company’s “overweight” in a report on Wednesday, June 1st. Five analysts rated the shares with a hold rating and ten rated the company with a buy rating. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buying” and an average target price of $ 165.64.

Shares of PG opened at $ 144.35 on Friday. Procter & Gamble has a one-year low of $ 129.50 and a 1-year high of $ 165.35. The company has a current ratio of 0.68, a fast ratio of 0.47 and a debt to equity ratio of 0.53. The stock has a 50-day simple moving average of $ 149.07 and a 200-day simple moving average of $ 154.32. The shares have a market capitalization of $ 346.34 billion, a PE ratio of 25.19, a PEG ratio of 3.92 and a beta ratio of 0.40.

Procter & Gamble (NYSE: PG – Get Rating) last released its earnings results on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.28 by $ 0.05. Procter & Gamble had a return on equity of 32.39% and a net profit of 18.33%. The business had revenue of $ 19.38 billion in the quarter, compared to analysts’ expectations of $ 18.69 billion. During the same period last year, the company reported $ 1.26 EPS. Procter & Gamble’s quarterly revenue was up 7.0% from the same quarter last year. On average, sales analysts predict that The Procter & Gamble Company will report EPS of 5.84 for the current fiscal year.

The company also recently announced a three-month dividend, which was paid on Monday, May 16th. Record investors on Friday, April 22, received a dividend of $ 0.9133 per share. The date of the former dividend on this dividend was Thursday, April 21. This is a positive change from the previous quarterly dividend of Procter & Gamble of $ 0.87. This represents a dividend of $ 3.65 on an annual basis and a yield of 2.53%. Procter & Gamble’s dividend payout ratio is 63.70%.

In related news, CAO Matthew W. Janzaruk sold 334 shares of the shares in a deal made on Tuesday, April 26th. The shares were sold at an average price of $ 162.43, for a total transaction of $ 54,251.62. Following the sale, the chief accountant now directly owns 1,220 shares of the company worth approximately $ 198,164.60. The transaction is disclosed in SEC documentation, which can be accessed through this hyperlink. Also, President David C. Taylor sold 60,000 shares of shares in a deal made on Thursday, April 21. The shares were sold at an average price of $ 164.52, for a total value of $ 9,871,200.00. Following the sale, the chairman now owns 253,933 shares of the company worth $ 41,777,057.16. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 108,415 shares of the company worth $ 17,777,055. 0.51% of the shares are owned by corporate insiders.

Company profile Procter & Gamble (Get a rating)

Procter & Gamble provides branded consumer-packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and Africa. Works in five segments: Beauty; Haircuts; Healthcare; Tissue and home care; and Baby, Women and Family Care.

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Institutional ownership by quarter for Procter & Gamble (NYSE: PG)



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