Cohen Lawrence B lifted its stake in Procter & Gamble Co (NYSE:PG) by 44.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,100 shares of the company’s stock after purchasing an additional 17,939 shares during the quarter. Procter & Gamble comprises approximately 4.7% of Cohen Lawrence B’s holdings, making the stock its 3rd largest position. Cohen Lawrence B’s holdings in Procter & Gamble were worth $7,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of PG. Krane Funds Advisors LLC purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $25,000. Lucia Wealth Services LLC purchased a new position in Procter & Gamble in the 3rd quarter worth approximately $29,000. Camarda Financial Advisors LLC raised its stake in Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Selective Wealth Management Inc. purchased a new stake in Procter & Gamble during the 3rd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC increased its position in shares of Procter & Gamble by 250.0% during the second quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after acquiring an additional 250 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total value of $207,134.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 1,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the completion of the sale, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders sold a total of 1,645,966 shares of company stock worth $202,229,770 over the last three months. Insiders own 1.75% of the company’s stock.
PG has been the topic of a number of research reports. Wells Fargo & Co raised their target price on shares of Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Credit Suisse Group raised their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, July 31st. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Macquarie raised their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $115.00.
NYSE:PG traded down $0.07 on Friday, hitting $119.55. The stock had a trading volume of 2,821,572 shares, compared to its average volume of 7,326,030. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market cap of $296.51 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.23 and a beta of 0.42. The company has a fifty day moving average price of $122.00 and a two-hundred day moving average price of $114.95. Procter & Gamble Co has a 1-year low of $86.74 and a 1-year high of $125.77.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. As a group, analysts anticipate that Procter & Gamble Co will post 4.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.
Procter & Gamble 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.
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