Aries Wealth Management cut its position in shares of Procter & Gamble Co (NYSE:PG) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,349 shares of the company’s stock after selling 1,021 shares during the period. Aries Wealth Management’s holdings in Procter & Gamble were worth $918,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in Procter & Gamble in the first quarter valued at $144,000. Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble in the second quarter valued at $149,000. Clearwater Capital Advisors LLC bought a new stake in Procter & Gamble in the first quarter valued at $154,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Procter & Gamble by 296.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after acquiring an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in Procter & Gamble in the first quarter valued at $170,000. Institutional investors and hedge funds own 58.54% of the company’s stock.
Shares of PG stock opened at $92.41 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The firm has a market cap of $230.14 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.37. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $93.14.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts predict that Procter & Gamble Co will post 4.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
In other news, insider Deborah P. Majoras sold 1,980 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $81.35, for a total transaction of $161,073.00. Following the transaction, the insider now owns 50,074 shares of the company’s stock, valued at $4,073,519.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. Insiders have sold 153,302 shares of company stock worth $13,438,363 in the last ninety days. 1.84% of the stock is currently owned by insiders.
A number of brokerages have weighed in on PG. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup upped their price target on Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 22nd. UBS Group increased their target price on Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. SunTrust Banks increased their target price on Procter & Gamble to $85.00 and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, Wells Fargo & Co increased their target price on Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $88.38.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
Further Reading: Understanding Market Liquidity
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