Winthrop Partners WNY LLC decreased its stake in shares of Procter & Gamble Co (NYSE:PG) by 7.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,051 shares of the company’s stock after selling 2,263 shares during the period. Procter & Gamble accounts for 1.8% of Winthrop Partners WNY LLC’s investment portfolio, making the stock its 14th largest position. Winthrop Partners WNY LLC’s holdings in Procter & Gamble were worth $2,112,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC raised its holdings in shares of Procter & Gamble by 6.1% in the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock valued at $1,314,000 after acquiring an additional 981 shares in the last quarter. Garland Capital Management Inc. raised its holdings in shares of Procter & Gamble by 1.3% in the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock valued at $4,495,000 after acquiring an additional 730 shares in the last quarter. TNB Financial raised its holdings in shares of Procter & Gamble by 4.6% in the 2nd quarter. TNB Financial now owns 138,374 shares of the company’s stock valued at $10,802,000 after acquiring an additional 6,038 shares in the last quarter. Park National Corp OH raised its holdings in shares of Procter & Gamble by 4.1% in the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock valued at $33,889,000 after acquiring an additional 16,931 shares in the last quarter. Finally, Heritage Investors Management Corp raised its holdings in shares of Procter & Gamble by 6.1% in the 2nd quarter. Heritage Investors Management Corp now owns 163,714 shares of the company’s stock valued at $12,780,000 after acquiring an additional 9,430 shares in the last quarter. 58.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of Procter & Gamble stock opened at $79.06 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. The stock has a market cap of $209.82 billion, a PE ratio of 18.73, a PEG ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.51.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Research analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.63%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
In related news, Chairman David S. Taylor sold 21,029 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total transaction of $1,756,342.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathleen B. Fish sold 26,946 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold a total of 147,186 shares of company stock worth $12,080,849 over the last quarter. Corporate insiders own 1.84% of the company’s stock.
Several research firms have weighed in on PG. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Bank of America raised their price target on Procter & Gamble from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 4th. Atlantic Securities began coverage on Procter & Gamble in a report on Thursday, September 20th. They issued an “overweight” rating and a $94.00 price target on the stock. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.53.
Procter & Gamble Company Profile
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: Initial Public Offering (IPO)
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