Procter & Gamble Co (NYSE:PG) Shares Purchased by HHM Wealth Advisors LLC
HHM Wealth Advisors LLC increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 58.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,639 shares of the company’s stock after acquiring an additional 2,449 shares during the period. Procter & Gamble makes up approximately 0.4% of HHM Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. HHM Wealth Advisors LLC’s holdings in Procter & Gamble were worth $730,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in PG. Orser Capital Management LLC grew its holdings in Procter & Gamble by 16.6% during the fourth quarter. Orser Capital Management LLC now owns 2,301 shares of the company’s stock worth $286,000 after acquiring an additional 328 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in Procter & Gamble by 6.0% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 952,251 shares of the company’s stock worth $118,936,000 after acquiring an additional 54,013 shares during the period. S.E.E.D. Planning Group LLC acquired a new position in Procter & Gamble during the fourth quarter worth $234,000. Anchor Capital Advisors LLC grew its holdings in Procter & Gamble by 6.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 209,129 shares of the company’s stock worth $26,120,000 after acquiring an additional 11,963 shares during the period. Finally, Empirical Finance LLC grew its holdings in Procter & Gamble by 58.6% in the fourth quarter. Empirical Finance LLC now owns 9,319 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,443 shares during the last quarter. 63.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Nelson Peltz sold 404,714 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the sale, the director now owns 3,891 shares in the company, valued at $439,721.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Valarie L. Sheppard sold 25,600 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total value of $3,059,200.00. Following the completion of the sale, the vice president now owns 50,598 shares of the company’s stock, valued at approximately $6,046,461. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,802,488 shares of company stock valued at $1,048,532,939. Insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 17th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the business posted $1.06 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio (DPR) is 69.91%.
PG has been the topic of several research reports. Deutsche Bank upped their target price on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Bank of America reissued a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a report on Saturday, April 18th. TheStreet raised Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Morgan Stanley upped their target price on Procter & Gamble from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $120.00 target price on shares of Procter & Gamble in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $130.31.
About Procter & Gamble
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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