Trustcore Financial Services LLC raised its position in Procter & Gamble Co (NYSE:PG) by 32.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,213 shares of the company’s stock after purchasing an additional 3,450 shares during the period. Trustcore Financial Services LLC’s holdings in Procter & Gamble were worth $1,558,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at $36,000. Smart Portfolios LLC boosted its stake in shares of Procter & Gamble by 48.0% during the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Advocacy Wealth Management Services LLC boosted its stake in shares of Procter & Gamble by 301.3% during the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after acquiring an additional 452 shares during the last quarter. Thor Advisors LLC acquired a new stake in shares of Procter & Gamble during the first quarter valued at $69,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at $62,000. 62.17% of the stock is currently owned by institutional investors.
A number of analysts recently commented on PG shares. Morgan Stanley increased their price objective on Procter & Gamble from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. UBS Group set a $122.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price objective (up previously from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. TheStreet lowered Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Finally, Credit Suisse Group increased their price objective on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $108.15.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 22.92% and a net margin of 5.76%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. On average, equities analysts predict that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.
The company 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 is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.
In other news, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total value of $2,043,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven D. Bishop sold 32,945 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $117.00, for a total value of $3,854,565.00. Following the completion of the transaction, the chief executive officer now owns 78,052 shares in the company, valued at $9,132,084. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,623 shares of company stock worth $22,487,930. Company insiders own 1.84% of the company’s stock.
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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