Procter & Gamble Company (The) (PG) Position Decreased by Family Firm Inc.
Family Firm Inc. decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,576 shares of the company’s stock after selling 2 shares during the period. Family Firm Inc.’s holdings in Procter & Gamble were worth $399,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. raised its position in shares of Procter & Gamble by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the period. Watermark Asset Management Inc. bought a new stake in shares of Procter & Gamble in the first quarter valued at approximately $201,000. Winfield Associates Inc. grew its stake in Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after acquiring an additional 15 shares in the last quarter. Finally, Security National Bank of SO Dak purchased a new position in Procter & Gamble during the first quarter valued at approximately $206,000. 59.54% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock valued at $1,927,095 in the last ninety days. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble Company (NYSE:PG) traded up $0.09 during mid-day trading on Tuesday, reaching $91.50. 1,777,042 shares of the company’s stock were exchanged, compared to its average volume of 7,377,933. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a fifty-two week low of $82.48 and a fifty-two week high of $94.67. The stock has a market cap of $229,239.53, a PE ratio of 22.70, a PEG ratio of 2.91 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue was up .8% on a year-over-year basis. sell-side analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.01%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.
Several equities analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating and set a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research note on Friday, September 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble in a research note on Wednesday, September 6th. Morgan Stanley reduced their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $87.81.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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