Taylor Hoffman Wealth Management Has $2.08 Million Position in Procter & Gamble Co (NYSE:PG)

Taylor Hoffman Wealth Management grew its holdings in Procter & Gamble Co (NYSE:PG) by 23.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,725 shares of the company’s stock after purchasing an additional 3,180 shares during the quarter. Procter & Gamble comprises about 1.5% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 16th largest position. Taylor Hoffman Wealth Management’s holdings in Procter & Gamble were worth $2,080,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Procter & Gamble by 1.8% in the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after purchasing an additional 3,786,962 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Procter & Gamble by 1.5% in the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares during the last quarter. Phocas Financial Corp. increased its holdings in shares of Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after buying an additional 71,055,523 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Procter & Gamble by 0.9% in the 2nd quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock worth $3,625,519,000 after buying an additional 295,521 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Procter & Gamble by 6,899.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after buying an additional 18,153,758 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

In other news, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the sale, the insider now owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 of the company’s stock, valued at approximately $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 valued at $202,229,770 in the last ninety days. Corporate insiders own 1.75% of the company’s stock.

Several equities analysts recently commented on PG shares. UBS Group upped their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Credit Suisse Group boosted their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price objective on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $116.71.

Procter & Gamble stock traded up $0.08 during trading hours on Friday, hitting $119.70. The company had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The firm 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. 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 1 year low of $86.74 and a 1 year high of $125.77. The company has a 50-day moving average price of $121.95 and a two-hundred day moving average price of $115.01.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the previous year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Procter & Gamble Co will post 4.93 EPS for the current 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 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is presently 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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