Vaughan David Investments Inc. IL Has $447,000 Stake in Procter & Gamble Co (PG)
Vaughan David Investments Inc. IL decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 99.2% during the third quarter, Holdings Channel reports. The institutional investor owned 2,394 shares of the company’s stock after selling 284,917 shares during the period. Vaughan David Investments Inc. IL’s holdings in Procter & Gamble were worth $447,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its holdings 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. Harding Loevner LP purchased a new stake in Procter & Gamble during the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble during the third quarter worth $125,000. Blume Capital Management Inc. lifted its holdings in Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the period. Finally, Legacy Advisors LLC purchased a new stake in Procter & Gamble during the third quarter worth $174,000. 59.65% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Co (PG) opened at $84.25 on Monday. The stock has a market capitalization of $213,740.00, a price-to-earnings ratio of 22.47, a PEG ratio of 2.63 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a 12-month low of $84.21 and a 12-month high of $94.67.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is presently 73.60%.
In related news, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,344 shares of company stock worth $7,118,970. Insiders own 0.35% of the company’s stock.
PG has been the subject of a number of analyst reports. Jefferies Group restated a “buy” rating and set a $104.00 target price on shares of Procter & Gamble in a report on Tuesday, October 10th. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $87.00 target price on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a report on Monday, October 23rd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $88.38.
Procter & Gamble 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.
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.