Armor Investment Advisors LLC cut its position in Procter & Gamble Co (NYSE:PG) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,720 shares of the company’s stock after selling 617 shares during the quarter. Armor Investment Advisors LLC’s holdings in Procter & Gamble were worth $975,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC boosted 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 valued at $105,000 after purchasing an additional 913 shares during the period. Ayalon Holdings Ltd. bought a new stake in Procter & Gamble in the 3rd quarter valued at $108,000. Willingdon Wealth Management boosted its holdings in Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after purchasing an additional 1,634 shares during the period. Polaris Greystone Financial Group LLC boosted 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 valued at $143,000 after purchasing an additional 1,192 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble in the 2nd quarter valued at $149,000. Institutional investors and hedge funds own 61.36% of the company’s stock.
NYSE:PG opened at $98.27 on Tuesday. The stock has a market cap of $246.33 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $98.39. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The firm had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same period last year, the firm posted $1.19 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Procter & Gamble Co will post 4.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be issued a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
A number of brokerages have weighed in on PG. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a report on Wednesday, January 30th. Barclays reissued a “hold” rating and issued a $94.00 price target on shares of Procter & Gamble in a report on Friday, January 25th. SunTrust Banks increased their price target on shares of Procter & Gamble to $95.00 and gave the company a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Berenberg Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and increased their price target for the company from $86.00 to $92.00 in a report on Thursday, January 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a report on Wednesday, January 23rd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $95.00.
In related news, CEO David S. Taylor sold 16,338 shares of Procter & Gamble stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $94.62, for a total transaction of $1,545,901.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary A. Coombe sold 10,992 shares of Procter & Gamble stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $93.90, for a total transaction of $1,032,148.80. Following the transaction, the insider now directly owns 64,247 shares of the company’s stock, valued at $6,032,793.30. The disclosure for this sale can be found here. Insiders have sold a total of 155,496 shares of company stock valued at $14,785,858 over the last three months. 1.84% of the stock is currently owned by insiders.
About Procter & Gamble
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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