Heron Financial Group LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 25.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,495 shares of the company’s stock after acquiring an additional 1,307 shares during the quarter. Heron Financial Group LLC’s holdings in The Procter & Gamble were worth $905,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in shares of The Procter & Gamble in the 2nd quarter valued at approximately $35,000. FAI Wealth Management lifted its holdings in The Procter & Gamble by 203.0% in the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares during the last quarter. Estate Counselors LLC acquired a new stake in The Procter & Gamble in the 2nd quarter worth approximately $47,000. Barnett & Company Inc. lifted its holdings in The Procter & Gamble by 23.4% in the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock worth $54,000 after purchasing an additional 86 shares during the last quarter. Finally, Lountzis Asset Management LLC acquired a new stake in The Procter & Gamble in the 2nd quarter worth approximately $58,000. 62.81% of the stock is currently owned by institutional investors.
NYSE:PG traded up $0.56 during mid-day trading on Friday, hitting $144.39. The company had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The Procter & Gamble Company has a fifty-two week low of $94.34 and a fifty-two week high of $145.87. The business’s fifty day moving average is $138.93 and its two-hundred day moving average is $125.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market cap of $359.48 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.45 and a beta of 0.43.
The Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The firm had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Equities analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is currently 61.72%.
A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. Berenberg Bank upped their price target on The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. SunTrust Banks upped their target price on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Barclays restated a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $137.87.
In related news, VP Valarie L. Sheppard sold 4,688 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total transaction of $648,256.64. Following the completion of the transaction, the vice president now directly owns 26,704 shares in the company, valued at $3,692,629.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 14,800 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now owns 39,929 shares of the company’s stock, valued at $5,190,770. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is owned by corporate insiders.
About The Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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