Grand Jean Capital Management Inc. reduced its stake in Procter & Gamble Co (NYSE:PG) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,550 shares of the company’s stock after selling 1,404 shares during the period. Procter & Gamble makes up approximately 0.5% of Grand Jean Capital Management Inc.’s holdings, making the stock its 25th largest holding. Grand Jean Capital Management Inc.’s holdings in Procter & Gamble were worth $1,157,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Krane Funds Advisors LLC acquired a new position in Procter & Gamble during the 2nd quarter worth $25,000. Camarda Financial Advisors LLC lifted its holdings in 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 buying an additional 100 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth $36,000. Dougherty Wealth Advisers LLC lifted its holdings in Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares in the last quarter. Finally, Smart Portfolios LLC lifted its holdings in Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.
A number of research analysts have recently weighed in on the company. SunTrust Banks increased their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research note on Tuesday, July 30th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley set a $129.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price target for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.15.
Procter & Gamble stock traded down $0.61 during mid-day trading on Friday, hitting $122.16. 1,135,141 shares of the company’s stock were exchanged, compared to its average volume of 6,182,078. The firm has a market capitalization of $304.85 billion, a P/E ratio of 27.03, a PEG ratio of 3.48 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 quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $118.41 and its 200-day simple moving average is $109.40.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The business had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Research analysts expect 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 issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the completion of the transaction, the vice president now owns 26,094 shares in the company, valued at approximately $3,140,673.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The disclosure for this sale can be found here. In the last quarter, insiders have sold 448,674 shares of company stock valued at $53,197,461. Corporate insiders own 1.75% of the company’s stock.
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.
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