Triangle Securities Wealth Management Has $2.95 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Triangle Securities Wealth Management decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,090 shares of the company’s stock after selling 311 shares during the period. Procter & Gamble makes up about 1.0% of Triangle Securities Wealth Management’s portfolio, making the stock its 25th biggest holding. Triangle Securities Wealth Management’s holdings in Procter & Gamble were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transform Wealth LLC boosted its position in Procter & Gamble by 38.0% in the second quarter. Transform Wealth LLC now owns 10,679 shares of the company’s stock valued at $1,441,000 after buying an additional 2,940 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Procter & Gamble by 5.0% in the second quarter. Stratos Wealth Advisors LLC now owns 57,853 shares of the company’s stock valued at $7,806,000 after buying an additional 2,751 shares in the last quarter. Mastrapasqua Asset Management Inc. boosted its position in Procter & Gamble by 2.8% in the second quarter. Mastrapasqua Asset Management Inc. now owns 74,622 shares of the company’s stock valued at $10,069,000 after buying an additional 2,044 shares in the last quarter. Kavar Capital Partners Group LLC boosted its position in Procter & Gamble by 2.1% in the second quarter. Kavar Capital Partners Group LLC now owns 61,986 shares of the company’s stock valued at $8,364,000 after buying an additional 1,272 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its position in Procter & Gamble by 6.3% in the second quarter. Clarkston Capital Partners LLC now owns 107,763 shares of the company’s stock valued at $14,540,000 after buying an additional 6,430 shares in the last quarter. Institutional investors and hedge funds own 62.94% of the company’s stock.

In other news, CAO Michael G. Homan sold 10,000 shares of Procter & Gamble stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $146.81, for a total transaction of $1,468,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nelson Peltz sold 207,000 shares of Procter & Gamble stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $142.43, for a total transaction of $29,483,010.00. The disclosure for this sale can be found here. Insiders have sold 358,249 shares of company stock valued at $51,740,197 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Several research firms have recently issued reports on PG. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Tuesday, October 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $163.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, October 20th. Berenberg Bank reaffirmed a “hold” rating and set a $146.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 20th. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $130.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Monday, August 2nd. Finally, Erste Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, August 20th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $149.41.

PG opened at $148.66 on Thursday. The Procter & Gamble Company has a 1-year low of $121.54 and a 1-year high of $149.50. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45. The company has a market cap of $359.75 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43. The company has a fifty day moving average price of $143.53 and a two-hundred day moving average price of $140.59.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $19.87 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that The Procter & Gamble Company will post 5.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 22nd were paid a $0.8698 dividend. This represents a $3.48 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, October 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.62%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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