DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Procter & Gamble Co (NYSE:PG) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,699 shares of the company’s stock after purchasing an additional 1,214 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Procter & Gamble were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in PG. Lucia Wealth Services LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $29,000. Belmont Capital LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $34,000. Selective Wealth Management Inc. bought a new position in shares of Procter & Gamble in the 3rd quarter worth $35,000. Princeton Global Asset Management LLC boosted its position in shares of Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after purchasing an additional 150 shares during the last quarter. Finally, Ironwood Financial llc grew its stake in shares of Procter & Gamble by 27.3% during the third quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after purchasing an additional 103 shares during the period. 62.83% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO David S. Taylor sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the sale, the chief executive officer now directly owns 277,521 shares in the company, valued at $34,415,379.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 1,729 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the completion of the sale, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The disclosure for this sale can be found here. Insiders sold a total of 1,247,348 shares of company stock valued at $154,656,137 over the last quarter. 1.75% of the stock is owned by insiders.
PG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. 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 target price on shares of Procter & Gamble in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $120.38.
PG stock opened at $126.09 on Wednesday. Procter & Gamble Co has a 1-year low of $89.08 and a 1-year high of $127.00. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The firm has a market cap of $315.24 billion, a PE ratio of 84.06, a P/E/G ratio of 3.42 and a beta of 0.40. The business’s 50-day moving average price is $124.72 and its two-hundred day moving average price is $120.88.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. 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 prior year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that Procter & Gamble Co will post 4.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.
Further Reading: What is an Initial Coin Offering (ICO)?
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.