L & S Advisors Inc reduced its stake in Procter & Gamble Co (NYSE:PG) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,621 shares of the company’s stock after selling 605 shares during the period. L & S Advisors Inc’s holdings in Procter & Gamble were worth $5,222,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC boosted its holdings in shares of Procter & Gamble by 8.0% in the second quarter. Earnest Partners LLC now owns 1,296 shares of the company’s stock worth $142,000 after acquiring an additional 96 shares during the period. BlackRock Inc. boosted its holdings in shares of Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after acquiring an additional 2,470,382 shares during the period. Qtron Investments LLC boosted its holdings in shares of Procter & Gamble by 55.0% in the second quarter. Qtron Investments LLC now owns 14,465 shares of the company’s stock worth $1,586,000 after acquiring an additional 5,130 shares during the period. Bowen Hanes & Co. Inc. boosted its holdings in shares of Procter & Gamble by 0.6% in the second quarter. Bowen Hanes & Co. Inc. now owns 379,869 shares of the company’s stock worth $41,653,000 after acquiring an additional 2,332 shares during the period. Finally, Trinity Legacy Partners LLC boosted its holdings in shares of Procter & Gamble by 32.0% in the second quarter. Trinity Legacy Partners LLC now owns 28,243 shares of the company’s stock worth $3,298,000 after acquiring an additional 6,842 shares during the period. 65.83% of the stock is owned by hedge funds and other institutional investors.
Shares of PG stock opened at $122.47 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $118.41 and a two-hundred day moving average price of $109.40. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $123.43. The firm has a market cap of $304.85 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the sale, the insider now directly owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,674 shares of company stock valued at $53,197,461. Corporate insiders own 1.75% of the company’s stock.
PG has been the subject of a number of analyst reports. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. TheStreet lowered Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Wells Fargo & Co reissued a “buy” rating and set a $135.00 price objective (up previously from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Credit Suisse Group lifted their price objective on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.15.
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.
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