Stonebridge Capital Management Inc. Sells 2,578 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Stonebridge Capital Management Inc. reduced its holdings in Procter & Gamble by 11.5%, now owning 19,929 shares valued at approximately $3.4 million.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 with an annualized yield of 2.8%, to be paid on August 15th.
• Wall Street analysts have mixed ratings on Procter & Gamble, with a consensus rating of "Moderate Buy" and a price target of $175.88.

Stonebridge Capital Management Inc. cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,929 shares of the company's stock after selling 2,578 shares during the period. Procter & Gamble accounts for 1.5% of Stonebridge Capital Management Inc.'s portfolio, making the stock its 22nd largest holding. Stonebridge Capital Management Inc.'s holdings in Procter & Gamble were worth $3,396,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after purchasing an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Procter & Gamble by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after purchasing an additional 267,534 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several research analyst reports. Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Finally, Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Up 0.0%

PG opened at $153.55 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market capitalization of $359.67 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. The business has a 50-day moving average of $158.26 and a two-hundred day moving average of $163.68. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

About Procter & Gamble

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.

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