Resonant Capital Advisors LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,465 shares of the company’s stock after acquiring an additional 1,371 during the quarter. Resonant Capital Advisors LLC’s holdings in Procter & Gamble were worth $2,554,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Secure Asset Management LLC boosted its stake in Procter & Gamble by 2.2% during the 1st quarter. Secure Asset Management LLC now owns 9,269 shares of the company’s stock worth $1,416,000 after acquiring an additional 202 shares during the last quarter. Security Financial Services INC. lifted its stake in Procter & Gamble by 8.3% in the first quarter. Security Financial Services INC. Now owns 3,547 shares of the company’s stock valued at $542,000 after buying an additional 273 shares in the last quarter. Apeiron RIA LLC lifted its stake in Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after buying an additional 64 shares in the last quarter. Culbertson AN & Co Inc lifted its stake in Procter & Gamble by 0.9% in the first quarter. Culbertson AN & Co Inc now owns 61,364 shares of the company’s stock valued at $9,376,000 after buying an additional 535 shares in the last quarter. Finally, Regent Investment Management LLC lifted its stake in Procter & Gamble by 0.4% in the first quarter. Regent Investment Management LLC now owns 49,281 shares of the company’s stock valued at $7,530,000 after buying an additional 200 shares in the last quarter. 63.64% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Raymond James lifted their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. JPMorgan Chase & Co. lowered shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and cut their price target for the company from $181.00 to $165.00 in a research note on Wednesday, March 30th. Trust Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their objective price for the stock from $165.00 to $175.00 in a research report on Tuesday, March 22nd. Barclays cut their objective price on shares of Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating on the stock in a research report on Monday, May 23rd. Finally, Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a research report on Monday, June 20th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.64.
NYSE: PG opened at $146.11 on Friday. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. 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 firm’s fifty day moving average price is $147.31 and its two-hundred day moving average price is $153.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The firm had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were given a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is presently 63.70%.
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 334 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the completion of the transaction, the chief executive officer now directly owns 7,020 shares in the company, valued at $1,151,982. The disclosure for this sale can be found here. In the last three months, insiders sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is currently owned by company insiders.
Procter & Gamble Profile (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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