ARQ Wealth Advisors LLC Takes Position in Procter & Gamble Company (The) $PG

ARQ Wealth Advisors LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PGFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,596 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $32,000. Caitlin John LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth $37,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.33.

View Our Latest Stock Report on Procter & Gamble

Procter & Gamble Price Performance

Shares of PG opened at $146.71 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $153.95 and its two-hundred day moving average is $150.86. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. The firm has a market capitalization of $340.96 billion, a PE ratio of 21.74, a P/E/G ratio of 5.06 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period last year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 5,549 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at $170,083.41. This represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This represents a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including 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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