Procter & Gamble Company (The) (NYSE:PG).
Gateway Investment Advisers LLC decreased its investment in Procter & Gamble Company (The) stock by 0.8% in a 13F filing with the SEC. Its investment stood at $114,653,000 a decrease of 3.8% as of the end of the quarter.
The following firms have also recently changed their position in PG. Pennsylvania Trust Co augmented its stake by buying 51,112 shares an increase of 24.6% as of 06/30/2017. Pennsylvania Trust Co currently owns 259,246 shares worth $22,593,000. The value of the position overall is up by 20.8%. As of quarter end Narwhal Capital Management had bought 10,405 shares growing its position 27.5%. The value of the investment in PG increased from $3,400,000 to $4,205,000 a change of $805,000 for the reporting period.
As of the end of the quarter Bouchey Financial Group Ltd had acquired a total of 346 shares growing its stake by 13.5%. The value in dollars went from $231,000 to $254,000 a change of 10.0% quarter to quarter.
Deutsche Bank downgraded the stock and lowered the price target on December 13 changing the price objective from $92.00 to $90.00 and setting the rating at “Hold” which had previously been “Buy”. On December 13 the company was downgraded to “Hold” from “Buy” and a price target of $90.00 was set in a statement from Deutsche Bank.
On November 15, 2016 Wells Fargo began coverage of the stock giving it an initial rating of “Market Perform”. On October 26 the stock rating was upgraded from “Underperform” to “Outperform” with a current price target of $95.00 by analysts at CLSA.
On October 12, 2016 the stock rating was set at “Buy” according to a Argus Capital report a boost from the previous “” rating. On August 26 the stock rating was upgraded from “” to “Buy” in a report from Johnson Rice.
The company is now up by 0.59% since yesterday’s close of $86.77. Additionally the company announced a dividend for shareholders paid on Monday the 15th of May 2017. The dividend was $0.690 per share for the quarter which is $2.76 annualized. This dividend represents a yield of $3.15. The ex-dividend date was set for Wednesday the 19th of April 2017.
Shares are trading at $87.28 slightly below $87.86, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $88.03. The 50 day moving average was down $-0.44 whereas the 200 day moving average was down $-0.61 or -0.69%.
Procter & Gamble Company (The)’s P/E ratio is 16.07 and market capitalization is 223.59B. As of the last earnings report the EPS was $5.44 and is projected to be $3.85 for the current year with 2,557,614,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.09 and the next full year EPS is projected to be $4.11.