Arete Wealth Advisors LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 30.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,976 shares of the company’s stock after buying an additional 2,764 shares during the period. Arete Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,044,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Polaris Greystone Financial Group LLC grew its holdings in shares of Procter & Gamble by 0.8% during 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 in the last quarter. Whittier Trust Co. grew its holdings in shares of Procter & Gamble by 1.3% during the 1st quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock valued at $25,686,000 after acquiring an additional 3,787 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Procter & Gamble by 3.2% during the 1st quarter. North Star Investment Management Corp. now owns 44,576 shares of the company’s stock valued at $4,005,000 after acquiring an additional 1,377 shares in the last quarter. Tufton Capital Management grew its holdings in shares of Procter & Gamble by 0.5% during the 1st quarter. Tufton Capital Management now owns 111,997 shares of the company’s stock valued at $10,063,000 after acquiring an additional 558 shares in the last quarter. Finally, Biondo Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 18.0% during the 1st quarter. Biondo Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $277,000 after acquiring an additional 500 shares in the last quarter. 59.54% of the stock is currently owned by institutional investors.
In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction dated 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 owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders have 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 company insiders.
Shares of Procter & Gamble Company (NYSE:PG) traded up $0.27 on Monday, hitting $90.37. 5,883,300 shares of the stock were exchanged, compared to its average volume of 7,373,992. The firm has a market capitalization of $229,264.91, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a 1-year low of $83.24 and a 1-year high of $94.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. equities research analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is currently 48.51%.
Several research firms have recently commented on PG. Jefferies Group restated a “buy” rating and set a $92.44 price target (down from $103.00) on shares of Procter & Gamble in a report on Thursday, August 17th. Vetr upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a report on Friday, September 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble in a report on Wednesday, September 6th. Morgan Stanley decreased their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $87.81.
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About Procter & Gamble
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.
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