Lester Murray Antman dba SimplyRich purchased a new position in Procter & Gamble Co (NYSE:PG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,116 shares of the company’s stock, valued at approximately $780,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Slow Capital Inc. raised its holdings in Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock worth $254,000 after buying an additional 86 shares during the last quarter. Stony Point Wealth Management Inc. grew its stake in shares of Procter & Gamble by 0.7% in the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after acquiring an additional 91 shares in the last quarter. Family Legacy Inc. grew its stake in shares of Procter & Gamble by 0.6% in the 2nd quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock worth $1,772,000 after acquiring an additional 95 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Procter & Gamble by 1.6% in the 1st quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock worth $632,000 after acquiring an additional 96 shares in the last quarter. Finally, O Dell Group LLC grew its stake in shares of Procter & Gamble by 1.8% in the 2nd quarter. O Dell Group LLC now owns 5,467 shares of the company’s stock worth $599,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.
PG traded up $0.08 during trading on Friday, hitting $119.50. 391,786 shares of the company traded hands, compared to its average volume of 9,130,777. The firm has a market cap of $297.52 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.45 and a beta of 0.45. The stock’s fifty day moving average is $115.91 and its 200 day moving average is $107.18. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a one year low of $78.49 and a one year high of $121.76.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, equities research analysts forecast that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $0.7459 per share. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.50%. Procter & Gamble’s payout ratio is currently 65.93%.
Several research firms have recently issued reports on PG. Deutsche Bank upped their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, June 17th. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 target price (up previously from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the stock from $114.00 to $125.00 in a research note on Thursday, June 27th. Finally, SunTrust Banks upped their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $108.15.
In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now owns 112,703 shares in the company, valued at $13,073,548. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Insiders have sold 429,026 shares of company stock valued at $50,867,990 in the last quarter. Company insiders own 1.84% of the company’s stock.
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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