Procter & Gamble Co (PG) Shares Bought by Watch Point Trust Co

Watch Point Trust Co grew its holdings in Procter & Gamble Co (NYSE:PG) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,498 shares of the company’s stock after acquiring an additional 2,724 shares during the period. Watch Point Trust Co’s holdings in Procter & Gamble were worth $1,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PG. Hutner Capital Management Inc. raised its position in Procter & Gamble by 0.9% during the second quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock valued at $5,942,000 after purchasing an additional 645 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in Procter & Gamble by 5.6% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock valued at $979,000 after purchasing an additional 661 shares during the period. Signature Wealth Management Group raised its position in Procter & Gamble by 2.0% during the second quarter. Signature Wealth Management Group now owns 35,233 shares of the company’s stock valued at $2,750,000 after purchasing an additional 674 shares during the period. IMS Capital Management raised its position in Procter & Gamble by 15.9% during the second quarter. IMS Capital Management now owns 5,122 shares of the company’s stock valued at $400,000 after purchasing an additional 702 shares during the period. Finally, Jag Capital Management LLC raised its position in Procter & Gamble by 3.3% during the second quarter. Jag Capital Management LLC now owns 21,934 shares of the company’s stock valued at $1,712,000 after purchasing an additional 706 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.

In related news, insider Kathleen B. Fish sold 26,946 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total value of $2,170,500.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David S. Taylor sold 21,029 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $1,756,342.08. The disclosure for this sale can be found here. In the last three months, insiders sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is owned by insiders.

A number of research analysts have recently commented on PG shares. Citigroup cut their target price on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. SunTrust Banks upped their target price on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Deutsche Bank upped their target price on Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Morgan Stanley upped their target price on Procter & Gamble from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Jefferies Financial Group cut Procter & Gamble to a “hold” rating and set a $79.00 target price on the stock. in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $84.53.

PG opened at $79.06 on Friday. The company has a market cap of $209.82 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.51. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Procter & Gamble’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble Co will post 4.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.63%. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.

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.

Read More: Insider Trading – What You Need to Know

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply