Cullen Frost Bankers Inc. lifted its position in Procter & Gamble Co (NYSE:PG) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,977 shares of the company’s stock after acquiring an additional 17,888 shares during the period. Procter & Gamble accounts for 0.9% of Cullen Frost Bankers Inc.’s holdings, making the stock its 27th largest position. Cullen Frost Bankers Inc.’s holdings in Procter & Gamble were worth $31,847,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at $122,000. First Command Financial Services Inc. raised its holdings in shares of Procter & Gamble by 1.5% in the 3rd quarter. First Command Financial Services Inc. now owns 15,972 shares of the company’s stock valued at $1,987,000 after buying an additional 230 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at $386,000. Finally, Osborn Williams & Donohoe LLC raised its holdings in shares of Procter & Gamble by 0.3% in the 3rd quarter. Osborn Williams & Donohoe LLC now owns 317,195 shares of the company’s stock valued at $39,453,000 after buying an additional 990 shares during the period. 63.36% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated a “buy” rating and issued a $134.00 price objective on shares of Procter & Gamble in a report on Friday, January 24th. Goldman Sachs Group reiterated a “buy” rating and issued a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. Macquarie boosted their price objective on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Berenberg Bank reiterated a “hold” rating and issued a $130.00 price objective on shares of Procter & Gamble in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $124.86.
Shares of NYSE PG opened at $126.14 on Friday. The stock’s 50-day moving average is $125.01 and its two-hundred day moving average is $122.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.63 and a quick ratio of 0.44. Procter & Gamble Co has a 1-year low of $97.75 and a 1-year high of $128.09. The company has a market cap of $308.58 billion, a price-to-earnings ratio of 74.64, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.05. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The company had revenue of $18.24 billion for the quarter, compared to the consensus estimate of $18.37 billion. During the same quarter in the prior year, the business earned $1.25 EPS. Procter & Gamble’s revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Procter & Gamble Co will post 4.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.
About Procter & Gamble
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.
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