Secure Asset Management LLC boosted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,269 shares of the company’s stock after purchasing an additional 202 shares during the period. Procter & Gamble makes up approximately 0.6% of Secure Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Secure Asset Management LLC’s holdings in Procter & Gamble were worth $1,416,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. Joseph Group Capital Management bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $1,527,000. Western Pacific Wealth Management LP bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $40,000. Delos Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $50,000. Level Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $51,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $53,000. 63.64% of the stock is owned by institutional investors and hedge funds.
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 334 shares of the company’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 completion of the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at $198,164.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the completion of the transaction, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The disclosure for this sale can be found here. Insiders have sold 108,415 shares of company stock valued at $17,777,055 over the last 90 days. 0.51% of the stock is currently owned by insiders.
Shares of PG opened at $146.11 on Friday. The firm has a market capitalization of $350.56 billion, a PE ratio of 25.50, a price-to-earnings-growth 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 Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The company’s fifty day moving average price is $147.31 and its 200-day moving average price is $153.90.
Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $19.38 billion for the quarter, compared to analyst estimates of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. The ex-dividend date was Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is 63.70%.
PG has been the topic of several research reports. Trust Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their objective price for the company from $165.00 to $175.00 in a report on Tuesday, March 22nd. Raymond James lifted their objective price on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. JPMorgan Chase & Co. lowered shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and cut their objective price for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. Jefferies Financial Group lifted their objective price on shares of Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Finally, Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a report on Monday, June 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.64.
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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