Procter & Gamble Co (PG) Holdings Increased by Tiedemann Wealth Management LLC

Tiedemann Wealth Management LLC boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,792 shares of the company’s stock after buying an additional 3,824 shares during the period. Tiedemann Wealth Management LLC’s holdings in Procter & Gamble were worth $2,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 74.2% in the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Procter & Gamble by 1,244.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares during the period. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. increased its holdings in shares of Procter & Gamble by 1.4% in the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Procter & Gamble by 30.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

PG has been the topic of a number of research reports. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Monday, January 8th. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Tuesday, January 16th. Deutsche Bank initiated coverage on Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a report on Monday, October 23rd. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.11.

Shares of Procter & Gamble Co (NYSE PG) opened at $82.60 on Tuesday. The company has a market capitalization of $208,230.00, a P/E ratio of 22.32, a P/E/G ratio of 2.58 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a 12 month low of $78.59 and a 12 month high of $94.67.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. research analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.34%. Procter & Gamble’s payout ratio is currently 74.59%.

In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $82.09, for a total transaction of $739,220.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, 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 71,928 shares of company stock valued at $6,312,311 in the last ninety days. Company insiders own 0.35% of the company’s stock.

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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.

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

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