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Sienna Gestion Has $22.42 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Procter & Gamble logo with Consumer Staples background

Key Points

  • Sienna Gestion reduced its holdings in Procter & Gamble by 5.6%, with the investment valued at approximately $22.42 million, making it its 6th largest position.
  • Procter & Gamble reported earnings of $1.48 per share for the latest quarter, exceeding estimates by $0.06, and its revenue increased by 1.7% year-over-year.
  • The company announced a quarterly dividend of $1.0568 per share, equating to an annualized yield of 2.7%, with the ex-dividend date set for July 18th.
  • Want stock alerts on Procter & Gamble? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Sienna Gestion trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,343 shares of the company's stock after selling 8,014 shares during the quarter. Procter & Gamble comprises about 1.8% of Sienna Gestion's investment portfolio, making the stock its 6th biggest holding. Sienna Gestion's holdings in Procter & Gamble were worth $22,420,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Procter & Gamble by 30.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,011 shares of the company's stock valued at $1,343,000 after buying an additional 1,881 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $469,000. Finally, Master S Wealth Management Inc. bought a new stake in Procter & Gamble in the fourth quarter worth $329,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $155.37 on Thursday. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company's 50 day moving average is $157.56 and its 200 day moving average is $163.48. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $363.93 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 4.09 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Procter & Gamble's quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble Profile

(Free Report)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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