Armstrong Henry H Associates Inc. raised its holdings in Procter & Gamble Co (NYSE:PG) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 467,667 shares of the company’s stock after purchasing an additional 7,855 shares during the quarter. Procter & Gamble makes up about 7.7% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 4th largest position. Armstrong Henry H Associates Inc.’s holdings in Procter & Gamble were worth $42,548,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Procter & Gamble during the second quarter worth $119,000. Blume Capital Management Inc. raised its position in shares of Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares during the last quarter. Winfield Associates Inc. raised its position 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 worth $197,000 after acquiring an additional 15 shares during the last quarter. Finally, Security National Bank of SO Dak bought a new stake in shares of Procter & Gamble during the first quarter worth $206,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) opened at $90.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Co has a 52 week low of $83.37 and a 52 week high of $94.67. The company has a market capitalization of $228,710.00, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.93 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.73% and a net margin of 17.23%. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. analysts anticipate that Procter & Gamble Co will post 4.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.06%. Procter & Gamble’s payout ratio is 73.80%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Monday. Deutsche Bank assumed coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 target price for the company. Jefferies Group restated a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. Wells Fargo & Co restated a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. Finally, Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $89.31.
In other news, insider R. Alexandra Keith sold 1,298 shares of the company’s 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 $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. Insiders own 0.35% of the company’s stock.
WARNING: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/12/armstrong-henry-h-associates-inc-has-42-55-million-stake-in-procter-gamble-company-the-pg.html.
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.
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.