Harwood Advisory Group LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,286 shares of the company’s stock after selling 884 shares during the quarter. Procter & Gamble makes up 1.2% of Harwood Advisory Group LLC’s portfolio, making the stock its 26th biggest position. Harwood Advisory Group LLC’s holdings in Procter & Gamble were worth $2,188,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moody Aldrich Partners LLC bought a new stake in Procter & Gamble in the 2nd quarter worth about $73,142,000. RPg Family Wealth Advisory LLC increased its holdings in Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares in the last quarter. Polaris Greystone Financial Group LLC increased its holdings in Procter & Gamble by 224.9% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after buying an additional 1,192 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble in the 2nd quarter worth about $149,000. Finally, Laurel Grove Capital LLC bought a new stake in Procter & Gamble in the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 58.62% of the company’s stock.
Several research firms recently commented on PG. Morgan Stanley upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $91.00 to $106.00 in a report on Thursday, December 13th. Bank of America raised Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Thursday, December 13th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Wednesday, December 19th. Citigroup raised their target price on Procter & Gamble from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, December 10th. Finally, Barclays reissued a “hold” rating and issued a $89.00 target price on shares of Procter & Gamble in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $92.26.
In related news, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the sale, the chief executive officer now owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 1,463 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $89.89, for a total value of $131,509.07. Following the sale, the insider now directly owns 45,018 shares in the company, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock worth $46,437,282 in the last three months. 1.84% of the stock is owned by corporate insiders.
PG stock opened at $91.77 on Friday. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $96.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. The stock has a market cap of $229.29 billion, a PE ratio of 21.75, a P/E/G ratio of 2.96 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. As a group, equities analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
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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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