JGP Wealth Management LLC Sells 544 Shares of The Procter & Gamble Company (NYSE:PG)



JGP Wealth Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 41,605 shares of the company’s stock after selling 544 shares during the period. JGP Wealth Management LLC’s holdings in Procter & Gamble were worth $6,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. Now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after buying an additional 1,785,863 shares during the period. State Street Corp boosted its holdings in Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after buying an additional 1,716,517 shares during the period. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after buying an additional 972,826 shares during the period. Norges Bank bought a new position in Procter & Gamble in the 4th quarter worth $3,726,603,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Procter & Gamble by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. Now owns 15,710,055 shares of the company’s stock worth $2,569,850,000 after buying an additional 293,092 shares during the period. 63.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PG opened at $146.11 on Friday. The company has a market capitalization of $350.56 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 4.08 and a beta of 0.40. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The firm’s 50-day moving average is $147.31 and its 200 day moving average is $153.87. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The company 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 firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Investors 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 2.50%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is presently 63.70%.

Several research analysts recently weighed in on PG shares. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. 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. Barclays decreased 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. Trust Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Finally, Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research note on Monday, June 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $165.64.

In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the transaction, the chairman now directly owns 253,933 shares in the company, valued at approximately $41,777,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at $198,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock worth $17,777,055 over the last quarter. 0.51% of the stock is currently owned by 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)



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