Graypoint LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)



Graypoint LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,693 shares of the company’s stock after acquiring an additional 257 shares during the quarter. Graypoint LLC’s holdings in Procter & Gamble were worth $3,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PG. Poplar Forest Capital LLC lifted its holdings in Procter & Gamble by 0.3% in the 4th quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock valued at $4,173,000 after purchasing an additional 64 shares in the last quarter. Apeiron RIA LLC lifted its holdings in Procter & Gamble by 2.2% in the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after purchasing an additional 64 shares in the last quarter. Ambassador Advisors LLC lifted its holdings in Procter & Gamble by 2.2% in the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after purchasing an additional 65 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Procter & Gamble by 0.3% in the 4th quarter. Kovack Advisors Inc. Now owns 19,098 shares of the company’s stock valued at $3,124,000 after purchasing an additional 66 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in Procter & Gamble by 2.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock valued at $452,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.

A number of research analysts have weighed in on PG shares. Barclays decreased their objective price on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. Trust Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and their target price for the stock from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Wells Fargo & Company cut their target price on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, June 1st. Evercore ISI set a $170.00 target price on Procter & Gamble in a research note on Monday, June 20th. Finally, The Goldman Sachs Group cut their target price on Procter & Gamble from $179.00 to $173.00 in a research note on Tuesday, March 29th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.64.

In other news, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the transaction, the chairman now owns 253,933 shares in the company, valued at approximately $41,777,057.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is currently owned by corporate insiders.

NYSE PG opened at $146.11 on Friday. The company has a market cap of $350.56 billion, a P/E ratio of 25.50, a P/E/G ratio of 4.08 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a 50-day moving average of $147.31 and a two-hundred day moving average of $153.90. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35.

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

The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a $0.9133 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s payout ratio is currently 63.70%.

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)



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