Weather Gauge Advisory LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,741 shares of the company’s stock after selling 745 shares during the quarter. The Procter & Gamble accounts for about 3.1% of Weather Gauge Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. Weather Gauge Advisory LLC’s holdings in The Procter & Gamble were worth $2,605,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in The Procter & Gamble during the 2nd quarter worth approximately $35,000. FAI Wealth Management raised its stake in shares of The Procter & Gamble by 203.0% in the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the period. Estate Counselors LLC bought a new stake in shares of The Procter & Gamble in the second quarter valued at about $47,000. Barnett & Company Inc. lifted its holdings in shares of The Procter & Gamble by 23.4% in the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares in the last quarter. Finally, Lountzis Asset Management LLC acquired a new position in shares of The Procter & Gamble during the second quarter worth about $58,000. 62.81% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the company. SunTrust Banks boosted their target price on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Berenberg Bank lifted their price target on shares of The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Morgan Stanley raised their price objective on The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, October 5th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The Procter & Gamble presently has an average rating of “Buy” and an average target price of $137.87.
In other news, VP Valarie L. Sheppard sold 4,688 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total transaction of $648,256.64. Following the completion of the sale, the vice president now owns 26,704 shares in the company, valued at $3,692,629.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.00, for a total value of $1,924,000.00. Following the completion of the transaction, the vice president now directly owns 39,929 shares in the company, valued at approximately $5,190,770. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 272,757 shares of company stock valued at $36,738,374. Company insiders own 0.70% of the company’s stock.
The Procter & Gamble stock opened at $144.39 on Friday. The stock has a 50-day simple moving average of $138.93 and a 200 day simple moving average of $125.52. The stock has a market capitalization of $359.48 billion, a P/E ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $145.87.
The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is 61.72%.
The Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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