Clarus Wealth Advisors lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 36.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,962 shares of the company’s stock after purchasing an additional 789 shares during the quarter. Clarus Wealth Advisors’ holdings in Procter & Gamble were worth $247,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC grew its position in Procter & Gamble by 209.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Procter & Gamble during the second quarter worth about $149,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after buying an additional 1,524 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in Procter & Gamble during the first quarter worth about $170,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in Procter & Gamble during the first quarter worth about $174,000. Institutional investors own 58.64% of the company’s stock.
PG has been the subject of several recent analyst reports. Citigroup boosted their target price on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Thursday, December 13th. Morgan Stanley set a $91.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, SunTrust Banks boosted their target price on Procter & Gamble to $85.00 and gave the stock a “hold” rating in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.22.
In related news, Vice Chairman Jon R. Moeller sold 228,905 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the completion of the sale, the insider now directly owns 209,033 shares in the company, valued at approximately $19,205,952.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 40,751 shares of the stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total value of $3,746,239.43. The disclosure for this sale can be found here. Insiders sold a total of 502,927 shares of company stock valued at $46,437,282 over the last quarter. Company insiders own 1.84% of the company’s stock.
PG opened at $92.77 on Tuesday. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $96.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The stock has a market capitalization of $243.63 billion, a PE ratio of 21.98, a PEG ratio of 3.14 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.
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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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