Calamos Wealth Management LLC Boosts Stock Holdings in Procter & Gamble Co (NYSE:PG)

Calamos Wealth Management LLC raised its holdings in Procter & Gamble Co (NYSE:PG) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,027 shares of the company’s stock after acquiring an additional 232 shares during the period. Calamos Wealth Management LLC’s holdings in Procter & Gamble were worth $3,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sciencast Management LP purchased a new position in shares of Procter & Gamble in the third quarter worth about $2,539,000. MidWestOne Financial Group Inc. purchased a new position in shares of Procter & Gamble in the second quarter worth about $2,359,000. Clean Yield Group increased its stake in shares of Procter & Gamble by 0.4% in the third quarter. Clean Yield Group now owns 51,591 shares of the company’s stock worth $6,417,000 after purchasing an additional 180 shares in the last quarter. Harfst & Associates Inc. increased its stake in shares of Procter & Gamble by 0.5% in the second quarter. Harfst & Associates Inc. now owns 86,501 shares of the company’s stock worth $9,484,000 after purchasing an additional 397 shares in the last quarter. Finally, Somerset Trust Co increased its stake in shares of Procter & Gamble by 1.8% in the third quarter. Somerset Trust Co now owns 15,711 shares of the company’s stock worth $1,954,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

In other Procter & Gamble news, CEO Steven D. Bishop sold 41,165 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $123.36, for a total transaction of $5,078,114.40. Following the completion of the sale, the chief executive officer now directly owns 45,176 shares in the company, valued at $5,572,911.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Taylor sold 50,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the sale, the chief executive officer now owns 277,521 shares of the company’s stock, valued at $34,415,379.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,288,513 shares of company stock valued at $159,734,252. 1.75% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group boosted their price objective on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Macquarie boosted their price objective on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $119.07.

Shares of NYSE:PG opened at $125.96 on Thursday. The company has a 50 day moving average of $124.20 and a 200 day moving average of $120.41. The stock has a market cap of $310.95 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.38 and a beta of 0.40. Procter & Gamble Co has a 12 month low of $89.08 and a 12 month high of $126.60. 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, beating the 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 business had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the business posted $1.12 earnings per share. Procter & Gamble’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is presently 65.93%.

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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