Proficio Capital Partners LLC Acquires 228 Shares of The Procter & Gamble Company (NYSE:PG)

Proficio Capital Partners LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,287 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Proficio Capital Partners LLC’s holdings in Procter & Gamble were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.2 %

Shares of NYSE PG traded up $0.37 during midday trading on Wednesday, hitting $166.03. The stock had a trading volume of 626,568 shares, compared to its average volume of 6,494,507. The company’s 50-day simple moving average is $165.97 and its 200 day simple moving average is $159.85. The firm has a market cap of $391.85 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PGGet Free Report) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.37 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Argus increased their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.72.

View Our Latest Research Report on PG

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

(Free Report)

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.

See Also

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

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