Procter & Gamble Co (PG) Shares Sold by Aries Wealth Management
Aries Wealth Management lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,349 shares of the company’s stock after selling 1,021 shares during the quarter. Aries Wealth Management’s holdings in Procter & Gamble were worth $918,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HC Financial Advisors Inc. purchased a new position in shares of Procter & Gamble in the fourth quarter worth $1,738,000. Associated Banc Corp raised its holdings in shares of Procter & Gamble by 3.7% in the first quarter. Associated Banc Corp now owns 294,063 shares of the company’s stock worth $23,313,000 after buying an additional 10,530 shares during the last quarter. Pendal Group Ltd raised its holdings in shares of Procter & Gamble by 0.5% in the first quarter. Pendal Group Ltd now owns 168,918 shares of the company’s stock worth $13,392,000 after buying an additional 838 shares during the last quarter. Bank of The West raised its holdings in shares of Procter & Gamble by 1.7% in the first quarter. Bank of The West now owns 54,558 shares of the company’s stock worth $4,325,000 after buying an additional 927 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC raised its holdings in shares of Procter & Gamble by 151.7% in the first quarter. Strategic Wealth Advisors Group LLC now owns 94,270 shares of the company’s stock worth $7,473,000 after buying an additional 56,819 shares during the last quarter. 58.54% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on PG. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a report on Friday. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a report on Thursday. Bank of America raised their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $88.38.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be given a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.10%. Procter & Gamble’s dividend payout ratio is presently 68.01%.
In related news, insider Deborah P. Majoras sold 1,980 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $81.35, for a total transaction of $161,073.00. Following the sale, the insider now owns 50,074 shares in the company, valued at $4,073,519.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $89.89, for a total transaction of $131,509.07. Following the sale, the insider now owns 45,018 shares in the company, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,302 shares of company stock worth $13,438,363. 1.84% of the stock is owned by company insiders.
Procter & Gamble Company 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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