Golub Group LLC lifted its position in Procter & Gamble Co (NYSE:PG) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,910 shares of the company’s stock after acquiring an additional 541 shares during the period. Golub Group LLC’s holdings in Procter & Gamble were worth $3,223,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its position in shares of Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after acquiring an additional 98 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Procter & Gamble by 104.5% during the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after purchasing an additional 12,038 shares during the period. Homrich & Berg boosted its holdings in shares of Procter & Gamble by 1.1% during the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after purchasing an additional 1,291 shares during the period. Bellecapital International Ltd. boosted its holdings in shares of Procter & Gamble by 19.0% during the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after purchasing an additional 1,025 shares during the period. Finally, First National Bank of South Miami boosted its holdings in shares of Procter & Gamble by 5.1% during the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock worth $823,000 after purchasing an additional 340 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.
NYSE PG traded up $0.08 during trading on Friday, reaching $119.70. The company’s stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $296.51 billion, a PE ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The business has a 50-day moving average price of $121.95 and a 200-day moving average price of $115.01. Procter & Gamble Co has a 1-year low of $86.74 and a 1-year high of $125.77.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. As a group, analysts expect that Procter & Gamble Co will post 4.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
Several research firms recently commented on PG. Morgan Stanley raised their price target on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada restated a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. 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, Goldman Sachs Group restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.71.
In other Procter & Gamble news, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the sale, the insider now directly owns 139,066 shares in the company, valued at $17,377,687.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nelson Peltz sold 206,967 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $124.40, for a total transaction of $25,746,694.80. Following the completion of the sale, the director now owns 3,844 shares of the company’s stock, valued at $478,193.60. The disclosure for this sale can be found here. Insiders sold 1,645,966 shares of company stock valued at $202,229,770 over the last quarter. Corporate insiders own 1.75% of the company’s stock.
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.
Read More: What is a support level?
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
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.