Providence Capital Advisors LLC lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 29.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,171 shares of the company’s stock after selling 897 shares during the quarter. Providence Capital Advisors LLC’s holdings in Procter & Gamble were worth $238,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $25,000. Camarda Financial Advisors LLC grew its holdings in shares of Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $36,000. Dougherty Wealth Advisers LLC increased its position in shares of Procter & Gamble by 250.0% in the second quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Finally, Smart Portfolios LLC raised its stake in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.
Procter & Gamble stock traded up $1.37 during mid-day trading on Wednesday, reaching $121.25. The company had a trading volume of 631,368 shares, compared to its average volume of 6,040,854. The business has a fifty day simple moving average of $118.29 and a 200 day simple moving average of $109.30. The company has a market cap of $305.75 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.55 and a beta of 0.42. Procter & Gamble Co has a fifty-two week low of $78.49 and a fifty-two week high of $123.43. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the prior year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts forecast that Procter & Gamble Co will post 4.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $0.7459 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio is presently 65.93%.
In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $116.00, for a total value of $4,295,132.00. Following the completion of the transaction, the chief executive officer now directly owns 112,703 shares in the company, valued at approximately $13,073,548. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The disclosure for this sale can be found here. Insiders sold 448,674 shares of company stock valued at $53,197,461 over the last quarter. Corporate insiders own 1.75% of the company’s stock.
PG has been the subject of several recent analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price objective (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks increased their price target on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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.
Featured Story: What is a stock split?
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.