WESPAC Advisors LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 96.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,098 shares of the company’s stock after acquiring an additional 2,999 shares during the period. WESPAC Advisors LLC’s holdings in Procter & Gamble were worth $531,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polaris Greystone Financial Group LLC raised its stake in Procter & Gamble by 0.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 35,610 shares of the company’s stock valued at $3,200,000 after buying an additional 287 shares in the last quarter. Whittier Trust Co. raised its stake in Procter & Gamble by 1.3% in the first quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock valued at $25,686,000 after buying an additional 3,787 shares in the last quarter. North Star Investment Management Corp. raised its stake in Procter & Gamble by 3.2% in the first quarter. North Star Investment Management Corp. now owns 44,576 shares of the company’s stock valued at $4,005,000 after buying an additional 1,377 shares in the last quarter. Tufton Capital Management raised its stake in Procter & Gamble by 0.5% in the first quarter. Tufton Capital Management now owns 111,997 shares of the company’s stock valued at $10,063,000 after buying an additional 558 shares in the last quarter. Finally, Biondo Investment Advisors LLC raised its stake in Procter & Gamble by 18.0% in the first quarter. Biondo Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $277,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 59.54% of the company’s stock.
Shares of Procter & Gamble Company (PG) traded down $0.15 during mid-day trading on Thursday, hitting $91.25. The company’s stock had a trading volume of 6,737,300 shares, compared to its average volume of 7,380,761. The stock has a market capitalization of $231,877.97, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. Procter & Gamble Company has a 12 month low of $82.71 and a 12 month high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. research analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s payout ratio is 48.51%.
In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the transaction, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now directly owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,575 shares of company stock worth $1,927,095. Corporate insiders own 0.35% of the company’s stock.
PG has been the topic of a number of analyst reports. Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Friday, October 20th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Jefferies Group restated a “buy” rating and issued a $104.00 price target on shares of Procter & Gamble in a research note on Tuesday, October 10th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a research note on Monday, October 23rd. Finally, BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.81.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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