Pitcairn Co. increased its stake in Procter & Gamble Co (NYSE:PG) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,124 shares of the company’s stock after buying an additional 2,146 shares during the period. Pitcairn Co.’s holdings in Procter & Gamble were worth $2,316,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Camarda Financial Advisors LLC grew its stake in shares of Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $36,000. Dougherty Wealth Advisers LLC grew its stake in shares of Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Smart Portfolios LLC grew its stake in shares of Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after buying an additional 146 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of Procter & Gamble by 71.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock worth $51,000 after buying an additional 193 shares during the last quarter. Institutional investors own 62.57% of the company’s stock.
PG has been the topic of several recent research reports. UBS Group set a $122.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Morgan Stanley set a $129.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price objective for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $108.15.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. The business had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $0.7459 per share. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s payout ratio is 65.93%.
In other news, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Theresa Grabowski sold 2,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $119.32, for a total value of $238,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 448,674 shares of company stock worth $53,197,461 over the last three months. Insiders own 1.75% 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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