Procter & Gamble Company (The) (PG) is Frontier Wealth Management LLC’s 6th Largest Position

Frontier Wealth Management LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,588 shares of the company’s stock after selling 15,097 shares during the quarter. Procter & Gamble makes up approximately 1.8% of Frontier Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Frontier Wealth Management LLC’s holdings in Procter & Gamble were worth $11,904,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Services Ltd. raised its stake in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares in the last quarter. Northwest Wealth Management LLC raised its stake in Procter & Gamble by 0.3% in the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after purchasing an additional 8 shares in the last quarter. Winfield Associates Inc. raised its stake in Procter & Gamble by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in Procter & Gamble by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in Procter & Gamble by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares in the last quarter. 59.54% of the stock is currently owned by hedge funds and other institutional investors.

PG has been the topic of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group reissued a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $87.81.

In related news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is currently owned by company insiders.

Shares of Procter & Gamble Company (PG) traded up $0.27 during trading on Monday, hitting $90.37. 5,883,300 shares of the stock traded hands, compared to its average volume of 7,373,992. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a 1 year low of $83.24 and a 1 year high of $94.67. The company has a market capitalization of $229,264.91, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue was up .8% on a year-over-year basis. analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 48.51%.

TRADEMARK VIOLATION WARNING: “Procter & Gamble Company (The) (PG) is Frontier Wealth Management LLC’s 6th Largest Position” was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/12/11/procter-gamble-company-the-pg-is-frontier-wealth-management-llcs-6th-largest-position.html.

About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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 Company (The) (NYSE:PG).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply