Waldron Private Wealth LLC Has $1.10 Million Stake in Procter & Gamble Co (PG)
Waldron Private Wealth LLC grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,170 shares of the company’s stock after acquiring an additional 1,126 shares during the period. Waldron Private Wealth LLC’s holdings in Procter & Gamble were worth $1,096,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of PG. RPg Family Wealth Advisory LLC increased its holdings in Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares in the last quarter. Ayalon Holdings Ltd. bought a new stake in Procter & Gamble in the 3rd quarter worth about $108,000. First Mercantile Trust Co. bought a new stake in Procter & Gamble in the 3rd quarter worth about $111,000. Willingdon Wealth Management increased its holdings in Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after buying an additional 1,634 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC increased its holdings in Procter & Gamble by 224.9% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after buying an additional 1,192 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
In other news, Vice Chairman Jon R. Moeller sold 3,224 shares of Procter & Gamble stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $317,789.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,208,754 shares of Procter & Gamble stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $99.08, for a total value of $119,763,346.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,270,496 shares of company stock worth $224,931,027. Insiders own 1.84% of the company’s stock.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. During the same period in the previous year, the firm earned $1.19 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, January 18th were given a dividend of $0.7172 per share. The ex-dividend date was Thursday, January 17th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 2.80%. Procter & Gamble’s payout ratio is currently 68.01%.
Several equities research analysts recently commented on the company. Credit Suisse Group began coverage on Procter & Gamble in a report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 price objective for the company. Macquarie set a $110.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Tuesday, February 26th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Barclays restated a “hold” rating and set a $94.00 price target on shares of Procter & Gamble in a research note on Friday, January 25th. Finally, SunTrust Banks boosted their price target on Procter & Gamble to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $96.21.
Procter & Gamble 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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