LLBH Private Wealth Management LLC Acquires New Holdings in Procter & Gamble Company (The) (PG)

LLBH Private Wealth Management LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,903 shares of the company’s stock, valued at approximately $863,000.

Other large investors also recently bought and sold shares of the company. Polaris Greystone Financial Group LLC lifted its holdings in shares of Procter & Gamble by 0.8% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 35,610 shares of the company’s stock valued at $3,200,000 after acquiring an additional 287 shares during the last quarter. Clarkston Capital Partners LLC raised its position in Procter & Gamble by 2.6% in the 1st quarter. Clarkston Capital Partners LLC now owns 446,505 shares of the company’s stock worth $40,118,000 after purchasing an additional 11,223 shares during the period. Whittier Trust Co. raised its position in Procter & Gamble by 1.3% in the 1st quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock worth $25,686,000 after purchasing an additional 3,787 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Procter & Gamble by 6.4% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 267,240 shares of the company’s stock worth $24,011,000 after purchasing an additional 16,070 shares during the period. Finally, Cottage Street Advisors LLC raised its position in Procter & Gamble by 0.4% in the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 59.54% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded down $1.15 during trading on Thursday, hitting $90.10. 7,274,135 shares of the company traded hands, compared to its average volume of 7,380,307. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a 12-month low of $83.24 and a 12-month high of $94.67. The stock has a market capitalization of $231,877.97, a PE ratio of 22.97, a PEG ratio of 2.94 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.06%. Procter & Gamble’s payout ratio is 48.51%.

In related news, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the transaction, the insider now directly owns 25,429 shares in the company, valued at $2,283,524.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were 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 $7,438,065. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock valued at $1,927,095 in the last ninety days. 0.35% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on PG shares. BidaskClub raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group reissued a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble in a report on Thursday, August 17th. Bank of America lifted their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a report on Monday, October 23rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.81.

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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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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