Horst & Graben Wealth Management LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,530 shares of the company’s stock after acquiring an additional 130 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Procter & Gamble were worth $302,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of PG. New England Investment & Retirement Group Inc. bought a new stake in shares of Procter & Gamble during the first quarter worth approximately $28,000. Magellan Asset Management Ltd bought a new stake in shares of Procter & Gamble during the first quarter worth approximately $29,000. Costello Asset Management INC bought a new stake in shares of Procter & Gamble during the second quarter worth approximately $35,000. Efficient Wealth Management LLC bought a new stake in shares of Procter & Gamble in the first quarter valued at approximately $39,000. Finally, Barnett & Company Inc. boosted its stake in shares of Procter & Gamble by 23.4% in the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after buying an additional 86 shares during the period. Institutional investors own 63.33% of the company’s stock.
Shares of NYSE:PG opened at $131.12 on Friday. The company has a fifty day moving average of $121.39 and a 200-day moving average of $119.14. The company has a market capitalization of $325.35 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.66 and a current ratio of 0.85. Procter & Gamble Co has a 52-week low of $94.34 and a 52-week high of $132.03.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The company had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co will post 5.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be paid a $0.7907 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is 61.72%.
Several equities research analysts recently issued reports on the company. Deutsche Bank boosted their price target on Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Morgan Stanley boosted their price target on Procter & Gamble from $134.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America reiterated a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a research note on Saturday, April 18th. SunTrust Banks boosted their price target on Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Buy” and an average price target of $133.67.
In other Procter & Gamble news, CFO Jon R. Moeller sold 130,626 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $116.37, for a total transaction of $15,200,947.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $115.47, for a total transaction of $3,464,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,570,603 shares of company stock worth $179,504,390. 1.75% of the stock is currently owned by insiders.
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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