Torch Wealth Management LLC lowered its stake in Procter & Gamble Co (NYSE:PG) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,647 shares of the company’s stock after selling 12,216 shares during the quarter. Procter & Gamble comprises 5.9% of Torch Wealth Management LLC’s portfolio, making the stock its biggest holding. Torch Wealth Management LLC’s holdings in Procter & Gamble were worth $9,089,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $103,000. Cerebellum GP LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $122,000. James Investment Research Inc. raised its stake in Procter & Gamble by 400.0% during the 4th quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after purchasing an additional 1,200 shares during the period. Lenox Wealth Advisors Inc. raised its stake in Procter & Gamble by 140.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock valued at $149,000 after purchasing an additional 947 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $171,000. 59.39% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. ValuEngine downgraded Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Barclays set a $84.00 target price on Procter & Gamble and gave the company a “hold” rating in a research note on Thursday, March 15th. Morgan Stanley reissued a “hold” rating on shares of Procter & Gamble in a research note on Monday, June 11th. Finally, Stifel Nicolaus decreased their target price on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a research note on Wednesday, April 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $87.90.
NYSE:PG opened at $78.06 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67. The company has a market capitalization of $196.76 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.58 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The business had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. equities analysts expect that Procter & Gamble Co will post 4.19 earnings per share for the current fiscal year.
In other news, Vice Chairman Jon R. Moeller sold 5,300 shares of Procter & Gamble stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total value of $410,273.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ciserani Giovanni sold 12,034 shares of Procter & Gamble stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total value of $931,551.94. Following the completion of the transaction, the insider now owns 63,062 shares of the company’s stock, valued at approximately $4,881,629.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,938 shares of company stock worth $1,604,483. Corporate insiders own 0.35% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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