Gideon Capital Advisors Inc. Invests $1.62 Million in Procter & Gamble Co (PG)
Gideon Capital Advisors Inc. purchased a new position in Procter & Gamble Co (NYSE:PG) in the 2nd quarter, Holdings Channel reports. The firm purchased 20,799 shares of the company’s stock, valued at approximately $1,624,000. Procter & Gamble accounts for about 0.8% of Gideon Capital Advisors Inc.’s portfolio, making the stock its 16th largest position.
Several other hedge funds have also bought and sold shares of PG. Twin Tree Management LP bought a new stake in Procter & Gamble during the first quarter valued at about $144,000. Marshall & Sullivan Inc. WA bought a new stake in Procter & Gamble during the second quarter valued at about $149,000. Clearwater Capital Advisors LLC bought a new stake in Procter & Gamble during the first quarter valued at about $154,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after purchasing an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in Procter & Gamble during the first quarter valued at about $170,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.
In other news, insider Carolyn M. Tastad sold 4,181 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $349,197.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kathleen B. Fish sold 599 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total value of $50,004.52. Following the completion of the sale, the insider now owns 38,655 shares in the company, valued at $3,226,919.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 494,352 shares of company stock worth $44,961,608. Company insiders own 1.84% of the company’s stock.
Shares of NYSE PG opened at $93.83 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.90. The company has a market capitalization of $233.70 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a $0.7172 dividend. The ex-dividend date was Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.06%. Procter & Gamble’s payout ratio is 68.01%.
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Procter & Gamble Company Profile
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.
Read More: What is the Ex-Dividend Date in Investing?
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