Stelac Advisory Services LLC lowered its holdings in Procter & Gamble Co (NYSE:PG) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,864 shares of the company’s stock after selling 403 shares during the quarter. Procter & Gamble comprises approximately 1.2% of Stelac Advisory Services LLC’s investment portfolio, making the stock its 18th largest holding. Stelac Advisory Services LLC’s holdings in Procter & Gamble were worth $3,093,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of PG. Cadinha & Co. LLC boosted its holdings in Procter & Gamble by 1.4% during the 2nd quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock worth $670,000 after acquiring an additional 80 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in Procter & Gamble by 1.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock worth $814,000 after acquiring an additional 81 shares during the last quarter. Allred Capital Management LLC boosted its holdings in Procter & Gamble by 0.5% during the 1st quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after acquiring an additional 83 shares during the last quarter. Jolley Asset Management LLC boosted its holdings in Procter & Gamble by 4.2% during the 1st quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock worth $232,000 after acquiring an additional 85 shares during the last quarter. Finally, First Financial Corp IN boosted its holdings in Procter & Gamble by 0.6% during the 1st quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock worth $1,586,000 after acquiring an additional 86 shares during the last quarter. 63.33% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Jon R. Moeller sold 130,626 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $116.37, for a total transaction of $15,200,947.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $115.47, for a total value of $3,464,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,570,603 shares of company stock worth $179,504,390. Company insiders own 1.75% of the company’s stock.
Shares of PG opened at $131.12 on Friday. The business’s 50-day moving average price is $121.39 and its 200-day moving average price is $119.14. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $132.03. The stock has a market cap of $325.35 billion, a PE ratio of 26.44, a P/E/G ratio of 3.44 and a beta of 0.42. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.50.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. Procter & Gamble had a return on equity of 29.38% and a net margin of 18.36%. The firm had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Analysts expect that Procter & Gamble Co will post 5.3 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be given a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, July 23rd. Procter & Gamble’s dividend payout ratio is presently 61.72%.
A number of equities analysts recently weighed in on the stock. Bank of America reissued a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a report on Saturday, April 18th. Royal Bank of Canada reissued a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a report on Tuesday, April 14th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, July 27th. SunTrust Banks boosted their price target on shares of Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Finally, Morgan Stanley boosted their price target on shares of Procter & Gamble from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $133.67.
Procter & Gamble 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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