Principle Wealth Partners LLC raised its stake in shares of Procter & Gamble Co (NYSE:PG) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,725 shares of the company’s stock after purchasing an additional 2,705 shares during the quarter. Principle Wealth Partners LLC’s holdings in Procter & Gamble were worth $2,578,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. D Orazio & Associates Inc. boosted its stake in Procter & Gamble by 3.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after purchasing an additional 98 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after acquiring an additional 12,038 shares during the period. Homrich & Berg lifted its stake in Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares during the period. Bellecapital International Ltd. lifted its stake in Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares during the period. Finally, First National Bank of South Miami lifted its stake in Procter & Gamble by 5.1% during the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after acquiring an additional 340 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Marc S. Pritchard sold 26,075 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the sale, the insider now directly owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.05, for a total transaction of $16,712,928.75. The disclosure for this sale can be found here. Insiders sold a total of 1,645,966 shares of company stock valued at $202,229,770 over the last three months. 1.75% of the stock is currently owned by insiders.
Shares of NYSE PG traded up $0.08 during midday trading on Friday, hitting $119.70. 4,181,176 shares of the company’s stock traded hands, compared to its average volume of 7,798,948. Procter & Gamble Co has a 1 year low of $86.74 and a 1 year high of $125.77. The stock has a market capitalization of $296.51 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The firm has a fifty day moving average of $121.95 and a 200 day moving average of $115.01.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Procter & Gamble Co will post 4.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is 65.93%.
Several research firms have issued reports on PG. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley upped their target price on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group restated a “buy” rating and set a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $116.71.
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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