Regal Wealth Group Inc. held its position in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,203 shares of the company’s stock at the end of the 2nd quarter. Regal Wealth Group Inc.’s holdings in Procter & Gamble were worth $192,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Asset Planning Services Ltd. grew its holdings in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Blume Capital Management Inc. grew its holdings in shares of Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Procter & Gamble by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Winfield Associates Inc. grew its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. Finally, Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble during the first quarter worth about $201,000. Institutional investors own 59.54% of the company’s stock.
In other news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by insiders.
Shares of Procter & Gamble Company (PG) traded down $0.15 during trading hours on Thursday, reaching $91.25. 6,737,300 shares of the company were exchanged, compared to its average volume of 7,380,761. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market capitalization of $231,877.97, a P/E ratio of 22.97, a P/E/G ratio of 2.94 and a beta of 0.67. Procter & Gamble Company has a 1 year low of $82.71 and a 1 year high of $94.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble’s payout ratio is currently 48.51%.
PG has been the topic of several research reports. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Jefferies Group reissued a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a report on Tuesday, October 10th. Goldman Sachs Group reissued a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Finally, Bank of America raised their price target on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $87.81.
About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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