Signet Financial Management LLC trimmed its holdings in Procter & Gamble Co (NYSE:PG) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,405 shares of the company’s stock after selling 678 shares during the period. Signet Financial Management LLC’s holdings in Procter & Gamble were worth $1,124,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Dai Ichi Life Insurance Company Ltd grew its position in Procter & Gamble by 9.6% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 544,109 shares of the company’s stock worth $42,473,000 after acquiring an additional 47,855 shares in the last quarter. Reilly Herbert Faulkner III grew its position in Procter & Gamble by 25.5% in the second quarter. Reilly Herbert Faulkner III now owns 68,994 shares of the company’s stock worth $5,386,000 after acquiring an additional 14,000 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Procter & Gamble by 108.0% in the second quarter. Envestnet Asset Management Inc. now owns 273,575 shares of the company’s stock worth $21,355,000 after acquiring an additional 142,076 shares in the last quarter. Chilton Investment Co. LLC bought a new stake in Procter & Gamble in the second quarter worth approximately $495,000. Finally, Stephens Inc. AR lifted its stake in shares of Procter & Gamble by 8.8% in the second quarter. Stephens Inc. AR now owns 240,652 shares of the company’s stock worth $18,785,000 after buying an additional 19,409 shares during the last quarter. 58.78% of the stock is owned by institutional investors.
PG has been the subject of a number of analyst reports. Berenberg Bank set a $78.00 price objective on shares of Procter & Gamble and gave the stock a “sell” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Friday, October 19th. Bank of America boosted their price objective on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 6th. Societe Generale set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Finally, Atlantic Securities initiated coverage on shares of Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average target price of $88.38.
In related news, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $94.62, for a total transaction of $1,545,901.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Alexandra Keith sold 1,463 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $89.89, for a total transaction of $131,509.07. Following the transaction, the insider now owns 45,018 shares of the company’s stock, valued at $4,046,668.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 502,927 shares of company stock valued at $46,437,282. Corporate insiders own 1.84% of the company’s stock.
NYSE:PG opened at $92.45 on Friday. The firm has a market cap of $235.84 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.07 and a beta of 0.37. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.86. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. As a group, analysts forecast that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s payout ratio is currently 68.01%.
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About Procter & Gamble
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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