Highwater Wealth Management LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 58.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,466 shares of the company’s stock after buying an additional 1,650 shares during the quarter. Procter & Gamble accounts for approximately 1.0% of Highwater Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Highwater Wealth Management LLC’s holdings in Procter & Gamble were worth $406,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $119,000. Blume Capital Management Inc. grew its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of Procter & Gamble by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the period. Finally, Winfield Associates Inc. lifted its stake in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the period. Institutional investors own 59.56% of the company’s stock.
In other news, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ioannis Skoufalos sold 2,880 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. 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 three months. Company insiders own 0.35% of the company’s stock.
Several equities analysts recently issued reports on PG shares. Jefferies Group reissued a “buy” rating and set a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Deutsche Bank started coverage on shares of Procter & Gamble in a research note on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group reissued a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Finally, Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective on the stock. in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and a consensus target price of $89.31.
Procter & Gamble Company (NYSE PG) traded down $0.32 during trading hours on Thursday, reaching $90.15. 5,469,665 shares of the company’s stock were exchanged, compared to its average volume of 6,470,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market capitalization of $228,710.00, a P/E ratio of 24.10, a P/E/G ratio of 2.93 and a beta of 0.67. Procter & Gamble Company has a 12 month low of $83.28 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Procter & Gamble’s revenue was up .8% on a year-over-year basis. research analysts anticipate that Procter & Gamble Company will post 4.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.80%.
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Procter & Gamble 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.
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