Wesbanco Bank Inc. Has $27.09 Million Position in Procter & Gamble Co (PG)
Wesbanco Bank Inc. reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297,704 shares of the company’s stock after selling 1,467 shares during the period. Procter & Gamble accounts for approximately 1.4% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 12th biggest position. Wesbanco Bank Inc.’s holdings in Procter & Gamble were worth $27,085,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble in the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $125,000. Blume Capital Management Inc. raised its position in shares of Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares in the last quarter. Finally, Legacy Advisors LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $174,000. 59.57% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the company. Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research report on Tuesday. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a research report on Monday, October 23rd. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday. Jefferies Group reissued a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Finally, Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $88.51.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue was up .8% compared to the same quarter last year. equities analysts anticipate that Procter & Gamble Co will post 4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is 73.80%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the transaction, the insider now 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 through the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $89.80, for a total value of $438,044.40. Following the transaction, the insider now owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The disclosure for this sale can be found here. Insiders sold a total of 18,719 shares of company stock valued at $1,661,544 over the last ninety days. 0.35% of the stock is currently owned by corporate insiders.
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Procter & Gamble Company Profile
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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