Parisi Gray Wealth Management raised its stake in Procter & Gamble Co (NYSE:PG) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,294 shares of the company’s stock after buying an additional 102 shares during the period. Parisi Gray Wealth Management’s holdings in Procter & Gamble were worth $534,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Slow Capital Inc. raised its stake in Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock worth $254,000 after buying an additional 86 shares during the last quarter. Stony Point Wealth Management Inc. increased its stake in Procter & Gamble by 0.7% in the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after purchasing an additional 91 shares in the last quarter. Centric Wealth Management increased its stake in Procter & Gamble by 0.9% in the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock valued at $1,295,000 after purchasing an additional 91 shares in the last quarter. Family Legacy Inc. increased its stake in Procter & Gamble by 0.6% in the second quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock valued at $1,772,000 after purchasing an additional 95 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Procter & Gamble by 1.6% in the first quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock valued at $632,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
Procter & Gamble stock traded up $1.05 during midday trading on Wednesday, hitting $121.98. 3,789,437 shares of the stock were exchanged, compared to its average volume of 7,844,692. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $125.36. The stock has a market capitalization of $310.33 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 3.60 and a beta of 0.42. The business’s 50-day moving average price is $121.71 and its 200-day moving average price is $112.38. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
Several equities research analysts have recently commented on the stock. Wells Fargo & Co reissued a “buy” rating and set a $135.00 target price (up from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. ValuEngine downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. Deutsche Bank boosted their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. Finally, SunTrust Banks boosted their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Procter & Gamble presently has an average rating of “Hold” and an average target price of $108.95.
In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $116.00, for a total value of $4,295,132.00. Following the transaction, the chief executive officer now directly owns 112,703 shares in the company, valued at $13,073,548. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the completion of the transaction, the vice president now owns 26,094 shares in the company, valued at $3,140,673.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,674 shares of company stock worth $53,197,461. 1.75% of the stock is owned by corporate insiders.
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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