Windward Capital Management Co. CA decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,286 shares of the company’s stock after selling 2,159 shares during the period. Procter & Gamble makes up about 2.1% of Windward Capital Management Co. CA’s holdings, making the stock its 22nd largest holding. Windward Capital Management Co. CA’s holdings in Procter & Gamble were worth $16,589,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Country Trust Bank boosted its stake in Procter & Gamble by 0.4% during the second quarter. Country Trust Bank now owns 328,069 shares of the company’s stock valued at $35,973,000 after buying an additional 1,463 shares during the period. Webster Bank N. A. boosted its stake in Procter & Gamble by 0.5% during the second quarter. Webster Bank N. A. now owns 81,804 shares of the company’s stock valued at $8,970,000 after buying an additional 404 shares during the period. Nachman Norwood & Parrott Inc boosted its stake in Procter & Gamble by 0.3% during the second quarter. Nachman Norwood & Parrott Inc now owns 53,542 shares of the company’s stock valued at $5,871,000 after buying an additional 138 shares during the period. Lourd Capital LLC raised its position in Procter & Gamble by 6.1% during the second quarter. Lourd Capital LLC now owns 18,648 shares of the company’s stock valued at $2,045,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Cypress Capital LLC raised its position in Procter & Gamble by 3.5% during the second quarter. Cypress Capital LLC now owns 7,297 shares of the company’s stock valued at $800,000 after purchasing an additional 248 shares in the last quarter. 62.17% of the stock is owned by institutional investors.
Shares of PG traded down $1.53 during trading hours on Wednesday, hitting $118.88. The company had a trading volume of 5,667,582 shares, compared to its average volume of 6,387,957. The firm has a market cap of $287.78 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.49 and a beta of 0.45. The company’s 50 day moving average is $112.86. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $121.76.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio is currently 70.62%.
A number of research firms have weighed in on PG. Goldman Sachs Group upgraded to a “neutral” rating and lowered their price target for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. SunTrust Banks raised their price target on Leidos to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank restated a “buy” rating and set a GBX 430 ($5.62) price target on shares of in a research report on Monday, June 17th. Wells Fargo & Co restated a “buy” rating and set a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday. Finally, UBS Group raised their price target on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $105.65.
In related news, insider Loic Tassel sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $106.00, for a total value of $530,000.00. Following the sale, the insider now directly owns 23,753 shares of the company’s stock, valued at $2,517,818. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David S. Taylor sold 23,673 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $105.39, for a total value of $2,494,897.47. Following the completion of the sale, the chairman now directly owns 249,761 shares in the company, valued at $26,322,311.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,808 shares of company stock worth $26,838,552. Company insiders own 1.84% 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.
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