Mycio Wealth Partners LLC raised its holdings in Procter & Gamble Co (NYSE:PG) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,459 shares of the company’s stock after purchasing an additional 1,274 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Procter & Gamble were worth $869,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. First American Trust FSB boosted its holdings in shares of Procter & Gamble by 44.0% in the 3rd quarter. First American Trust FSB now owns 78,357 shares of the company’s stock valued at $6,521,000 after buying an additional 23,937 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Procter & Gamble by 36.9% in the 3rd quarter. Sound Income Strategies LLC now owns 16,869 shares of the company’s stock valued at $1,404,000 after buying an additional 4,544 shares during the last quarter. Clarus Wealth Advisors boosted its holdings in shares of Procter & Gamble by 36.3% in the 3rd quarter. Clarus Wealth Advisors now owns 2,962 shares of the company’s stock valued at $247,000 after buying an additional 789 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in shares of Procter & Gamble by 86.3% in the 3rd quarter. Radnor Capital Management LLC now owns 59,768 shares of the company’s stock valued at $4,974,000 after buying an additional 27,681 shares during the last quarter. Finally, Wealth Architects LLC boosted its holdings in shares of Procter & Gamble by 66.8% in the 3rd quarter. Wealth Architects LLC now owns 6,421 shares of the company’s stock valued at $534,000 after buying an additional 2,572 shares during the last quarter. 61.76% of the stock is currently owned by institutional investors and hedge funds.
PG opened at $106.42 on Wednesday. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $106.50. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $266.55 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. During the same quarter in the prior year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 4.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, April 17th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio is 68.01%.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Bank of America reissued a “buy” rating and issued a $108.00 price objective on shares of Procter & Gamble in a report on Tuesday, January 8th. Macquarie set a $110.00 price objective on Procter & Gamble and gave the company a “buy” rating in a report on Tuesday, February 26th. SunTrust Banks increased their price objective on Procter & Gamble to $95.00 and gave the company a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Finally, Credit Suisse Group assumed coverage on Procter & Gamble in a report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $97.74.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 3,224 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $317,789.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,236 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,270,496 shares of company stock worth $224,931,027. 1.84% of the stock is owned by company insiders.
Procter & Gamble Company 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.
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