First Trust Advisors LP increased its position in Procter & Gamble Co (NYSE:PG) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,035,046 shares of the company’s stock after acquiring an additional 111,274 shares during the quarter. First Trust Advisors LP’s holdings in Procter & Gamble were worth $128,739,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. D Orazio & Associates Inc. increased its stake in Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after acquiring an additional 98 shares during the period. NEXT Financial Group Inc boosted its position in Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares in the last quarter. Homrich & Berg boosted its position in Procter & Gamble by 1.1% in the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares in the last quarter. Bellecapital International Ltd. boosted its position in Procter & Gamble by 19.0% in the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after buying an additional 1,025 shares in the last quarter. Finally, First National Bank of South Miami boosted its position in Procter & Gamble by 5.1% in the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
Shares of PG stock opened at $119.70 on Friday. Procter & Gamble Co has a 1 year low of $86.74 and a 1 year high of $125.77. The firm’s 50 day moving average is $121.95 and its 200-day moving average is $115.01. The firm has a market capitalization of $296.51 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the prior year, the business earned $1.12 earnings per share. Procter & Gamble’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Procter & Gamble Co will post 4.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is 65.93%.
A number of equities analysts have commented on the stock. SunTrust Banks boosted their price target on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price target on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $115.00.
In related news, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total transaction of $207,134.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the sale, the insider now directly owns 61,225 shares of the company’s stock, valued at $7,224,550. The disclosure for this sale can be found here. Insiders have sold 1,645,966 shares of company stock worth $202,229,770 over the last quarter. 1.75% of the stock is owned by company insiders.
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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