The Procter & Gamble Company (NYSE:PG) is Phoenix Wealth Advisors’ 9th Largest Position


Share on StockTwits

Phoenix Wealth Advisors grew its holdings in The Procter & Gamble Company (NYSE:PG) by 2.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,854 shares of the company’s stock after buying an additional 573 shares during the period. The Procter & Gamble makes up 2.2% of Phoenix Wealth Advisors’ portfolio, making the stock its 9th largest holding. Phoenix Wealth Advisors’ holdings in The Procter & Gamble were worth $2,800,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PG. Global Trust Asset Management LLC increased its position in The Procter & Gamble by 0.9% during the 4th quarter. Global Trust Asset Management LLC now owns 8,190 shares of the company’s stock valued at $1,140,000 after purchasing an additional 75 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of The Procter & Gamble by 0.4% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,818 shares of the company’s stock worth $2,479,000 after buying an additional 78 shares in the last quarter. West Coast Financial LLC grew its holdings in shares of The Procter & Gamble by 2.1% in the fourth quarter. West Coast Financial LLC now owns 4,026 shares of the company’s stock valued at $560,000 after purchasing an additional 83 shares during the period. AGF Investments LLC lifted its position in The Procter & Gamble by 1.7% in the fourth quarter. AGF Investments LLC now owns 5,151 shares of the company’s stock valued at $717,000 after buying an additional 85 shares during the last quarter. Finally, Nicollet Investment Management Inc. increased its stake in The Procter & Gamble by 0.4% in the fourth quarter. Nicollet Investment Management Inc. now owns 23,673 shares of the company’s stock valued at $3,294,000 after purchasing an additional 85 shares during the last quarter. 63.05% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a report on Thursday, January 21st. Independent Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Friday, January 22nd. Sanford C. Bernstein began coverage on The Procter & Gamble in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price on the stock. Stifel Nicolaus lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price on the stock. in a research report on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $148.53.

PG traded down $1.21 during midday trading on Tuesday, hitting $135.71. The company had a trading volume of 136,836 shares, compared to its average volume of 8,303,536. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The company has a market capitalization of $334.18 billion, a PE ratio of 26.18, a P/E/G ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a twelve month low of $111.25 and a twelve month high of $146.92. The firm’s 50-day simple moving average is $130.10 and its 200-day simple moving average is $135.37.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. The firm had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

In other news, VP Valarie L. Sheppard sold 1,811 shares of the firm’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $227,769.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Deborah P. Majoras sold 6,903 shares of the firm’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $868,190.31. The disclosure for this sale can be found here. Insiders sold a total of 629,838 shares of company stock worth $81,120,667 in the last ninety days. Insiders own 0.70% of the company’s stock.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Trading Ex-Dividend Strategy

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG).

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

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.