Lenox Wealth Management Inc. Sells 9,024 Shares of Procter & Gamble Co (NYSE:PG)

Lenox Wealth Management Inc. decreased its position in Procter & Gamble Co (NYSE:PG) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,732 shares of the company’s stock after selling 9,024 shares during the quarter. Procter & Gamble accounts for approximately 15.3% of Lenox Wealth Management Inc.’s holdings, making the stock its largest holding. Lenox Wealth Management Inc.’s holdings in Procter & Gamble were worth $52,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Slow Capital Inc. grew its holdings in Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock worth $254,000 after purchasing an additional 86 shares during the period. AMI Asset Management Corp boosted its holdings in shares of Procter & Gamble by 0.7% during the third quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock worth $1,671,000 after acquiring an additional 87 shares during the period. Stony Point Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after acquiring an additional 91 shares during the period. Centric Wealth Management boosted its holdings in shares of Procter & Gamble by 0.9% during the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock worth $1,295,000 after acquiring an additional 91 shares during the period. Finally, First Mercantile Trust Co. boosted its holdings in shares of Procter & Gamble by 1.5% during the third quarter. First Mercantile Trust Co. now owns 6,164 shares of the company’s stock worth $767,000 after acquiring an additional 92 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble 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 transaction of $207,134.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nelson Peltz sold 936,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the transaction, the director now owns 3,844 shares of the company’s stock, valued at $476,156.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,645,966 shares of company stock valued at $202,229,770. 1.75% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on PG. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group restated a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. UBS Group boosted their price objective on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $116.71.

Shares of NYSE PG traded up $0.08 during midday trading on Friday, reaching $119.70. The company’s stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. Procter & Gamble Co has a fifty-two week low of $86.74 and a fifty-two week high of $125.77. The business’s 50 day moving average price is $121.95 and its two-hundred day moving average price is $115.01. The company has a market cap of $296.51 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Procter & Gamble Co will post 4.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is 65.93%.

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.

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

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