Personal Wealth Partners Takes Position in Procter & Gamble Co (NYSE:PG)
Personal Wealth Partners acquired a new stake in shares of Procter & Gamble Co (NYSE:PG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 984 shares of the company’s stock, valued at approximately $108,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new stake in Procter & Gamble during the 4th quarter worth $80,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Procter & Gamble during the 4th quarter worth $1,838,000. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Procter & Gamble by 13.0% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,156 shares of the company’s stock valued at $1,301,000 after buying an additional 1,629 shares during the period. NuWave Investment Management LLC grew its holdings in shares of Procter & Gamble by 5,075.0% in the 4th quarter. NuWave Investment Management LLC now owns 2,070 shares of the company’s stock valued at $191,000 after buying an additional 2,030 shares during the period. Finally, Mycio Wealth Partners LLC grew its holdings in shares of Procter & Gamble by 15.6% in the 4th quarter. Mycio Wealth Partners LLC now owns 9,459 shares of the company’s stock valued at $869,000 after buying an additional 1,274 shares during the period. Hedge funds and other institutional investors own 62.17% of the company’s stock.
NYSE PG traded up $0.04 on Wednesday, reaching $117.29. The company had a trading volume of 1,226,113 shares, compared to its average volume of 8,187,514. The firm has a market cap of $292.21 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.45. 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 Co has a 1-year low of $78.49 and a 1-year high of $121.76. The stock’s fifty day moving average price is $114.43.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, July 18th. Procter & Gamble’s payout ratio is presently 65.93%.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 25,645 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total transaction of $2,720,421.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $106.83, for a total transaction of $2,136,600.00. Following the sale, the chairman now directly owns 246,837 shares in the company, valued at $26,369,596.71. The disclosure for this sale can be found here. Insiders have sold a total of 160,862 shares of company stock worth $18,157,146 over the last three months. Insiders own 1.84% of the company’s stock.
Several brokerages have recently issued reports on PG. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank boosted their price target on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a report on Monday, June 17th. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. Finally, Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.15.
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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