Annex Advisory Services LLC Boosts Stake in The Procter & Gamble Company (NYSE:PG)



Annex Advisory Services LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 31.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,164 shares of the company’s stock after buying an additional 3,393 shares during the period. Annex Advisory Services LLC’s holdings in Procter & Gamble were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Joseph Group Capital Management purchased a new position in Procter & Gamble during the fourth quarter worth about $1,527,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble during the fourth quarter worth about $40,000. Delos Wealth Advisors LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $50,000. Level Financial Advisors Inc. purchased a new position in Procter & Gamble during the fourth quarter worth about $51,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the fourth quarter worth about $53,000. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Trust Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Barclays reduced their price target on shares of Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating on the stock in a research note on Monday, May 23rd. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. The Goldman Sachs Group reduced their price target on shares of Procter & Gamble from $179.00 to $173.00 in a research note on Tuesday, March 29th. Finally, Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research note on Monday, June 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.64.

NYSE PG opened at $140.92 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The stock has a market capitalization of $338.11 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 4.08 and a beta of 0.40. The firm has a 50 day moving average of $148.42 and a two-hundred day moving average of $154.17.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $18.69 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. This represents a $3.65 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is 63.70%.

In other news, Chairman David S. Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the completion of the sale, the chairman now owns 253,933 shares in the company, valued at approximately $41,347,910.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total transaction of $54,251.62. Following the sale, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock valued at $17,777,055 in the last quarter. 0.51% of the stock is currently owned by company insiders.

About Procter & Gamble (Get Rating)

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.

Recommended Stories

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 – Get Rating).

Institutional Ownership by Quarter for Procter & Gamble (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.

.

Leave a Comment