Edge Wealth Management LLC raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 15.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,362 shares of the company’s stock after purchasing an additional 16,605 shares during the period. Procter & Gamble accounts for about 2.5% of Edge Wealth Management LLC’s holdings, making the stock its 12th largest holding. Edge Wealth Management LLC’s holdings in Procter & Gamble were worth $9,864,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. HC Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $1,738,000. Fragasso Group Inc. lifted its holdings in shares of Procter & Gamble by 14.3% in the fourth quarter. Fragasso Group Inc. now owns 18,973 shares of the company’s stock valued at $1,743,000 after purchasing an additional 2,371 shares in the last quarter. Ullmann Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 275.2% in the fourth quarter. Ullmann Financial Group Inc. now owns 53,127 shares of the company’s stock valued at $4,872,000 after purchasing an additional 38,966 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $2,148,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Procter & Gamble by 11.1% in the fourth quarter. Schroder Investment Management Group now owns 3,744,261 shares of the company’s stock valued at $344,023,000 after purchasing an additional 374,153 shares in the last quarter. 58.49% of the stock is owned by institutional investors and hedge funds.
NYSE:PG opened at $83.61 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $209.52 billion, a PE ratio of 19.81, a PEG ratio of 2.67 and a beta of 0.57. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. research analysts anticipate that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. ValuEngine raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. Citigroup reduced their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, July 20th. UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Wednesday, July 18th. Finally, SunTrust Banks upped their price target on shares of Procter & Gamble to $80.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $83.96.
In other news, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $81.35, for a total transaction of $233,718.55. Following the completion of the transaction, the insider now directly owns 113,638 shares of the company’s stock, valued at approximately $9,244,451.30. The disclosure for this sale can be found here. In the last three months, insiders sold 147,186 shares of company stock valued at $12,080,849. Company insiders own 1.84% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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