AXS Investments LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,961 shares of the company’s stock after selling 909 shares during the period. AXS Investments LLC’s holdings in Procter & Gamble were worth $905,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PG. GW&K Investment Management LLC acquired a new position in Procter & Gamble in the first quarter worth approximately $28,000. Your Advocates Ltd. LLP lifted its position in shares of Procter & Gamble by 632.0% in the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after buying an additional 158 shares during the last quarter. Ten Capital Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 325.8% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after acquiring an additional 202 shares in the last quarter. Wunderlich Capital Managemnt bought a new position in shares of Procter & Gamble in the 2nd quarter valued at approximately $40,000. Finally, Silicon Valley Capital Partners boosted its position in Procter & Gamble by 51.3% during the first quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock worth $42,000 after purchasing an additional 96 shares during the period. 63.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on PG shares. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Bank of America boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. DZ Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a research report on Friday, October 20th. HSBC assumed coverage on Procter & Gamble in a research report on Friday, September 22nd. They set a “buy” rating and a $179.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $174.00 target price on shares of Procter & Gamble in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $165.83.
Insider Activity at Procter & Gamble
In related news, CFO Andre Schulten sold 40,298 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the sale, the chief financial officer now directly owns 36,460 shares in the company, valued at approximately $5,491,240.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO R. Alexandra Keith sold 19,661 shares of Procter & Gamble stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the completion of the sale, the chief executive officer now directly owns 24,438 shares of the company’s stock, valued at approximately $3,750,499.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 40,298 shares of Procter & Gamble stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the sale, the chief financial officer now directly owns 36,460 shares of the company’s stock, valued at approximately $5,491,240.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,088 shares of company stock worth $14,565,908. 0.17% of the stock is owned by corporate insiders.
Procter & Gamble Stock Down 1.2 %
Shares of Procter & Gamble stock traded down $1.76 during trading hours on Friday, reaching $151.07. The company’s stock had a trading volume of 8,495,710 shares, compared to its average volume of 6,541,199. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $158.38. The company has a market capitalization of $356.06 billion, a P/E ratio of 24.52, a P/E/G ratio of 3.16 and a beta of 0.47. The stock’s fifty day simple moving average is $149.28 and its two-hundred day simple moving average is $150.73.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.71 by $0.12. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The firm had revenue of $21.87 billion during the quarter, compared to analyst estimates of $21.58 billion. During the same quarter last year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts forecast that The Procter & Gamble Company will post 6.42 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $3.76 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is 61.04%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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