MONECO Advisors LLC grew its position in Procter & Gamble Co (NYSE:PG) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,966 shares of the company’s stock after buying an additional 161 shares during the quarter. MONECO Advisors LLC’s holdings in Procter & Gamble were worth $628,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Lucia Wealth Services LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at $29,000. Belmont Capital LLC acquired a new position in Procter & Gamble in the 4th quarter worth about $34,000. Selective Wealth Management Inc. acquired a new position in Procter & Gamble in the 3rd quarter worth about $35,000. Princeton Global Asset Management LLC increased its holdings in 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 in the last quarter. Finally, Ironwood Financial llc raised its position in Procter & Gamble by 27.3% in the third quarter. Ironwood Financial llc now owns 480 shares of the company’s stock valued at $60,000 after purchasing an additional 103 shares during the last quarter. 62.83% of the stock is owned by institutional investors.
In other news, CEO David S. Taylor sold 50,000 shares of Procter & Gamble stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total value of $6,200,500.00. Following the completion of the transaction, the chief executive officer now directly owns 277,521 shares of the company’s stock, valued at approximately $34,415,379.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 1,729 shares of Procter & Gamble stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $122.00, for a total value of $210,938.00. Following the completion of the transaction, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at $836,432. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,247,348 shares of company stock valued at $154,656,137. Company insiders own 1.75% of the company’s stock.
Several analysts have recently weighed in on PG shares. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Wells Fargo & Co raised their price objective on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Goldman Sachs Group reiterated a “buy” rating and issued a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their target price on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $120.38.
Shares of PG 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 debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The company has a market capitalization of $315.24 billion, a price-to-earnings ratio of 84.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.40. The business has a 50-day moving average of $124.72 and a 200-day moving average of $120.88.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is 65.93%.
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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