Whitener Capital Management Inc. Boosts Stock Holdings in Procter & Gamble Co (NYSE:PG)
Whitener Capital Management Inc. lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 26,282 shares of the company’s stock after acquiring an additional 447 shares during the period. Procter & Gamble comprises 1.6% of Whitener Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Whitener Capital Management Inc.’s holdings in Procter & Gamble were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Camarda Financial Advisors LLC increased its holdings in Procter & Gamble by 59.2% in the second quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter valued at $36,000. Smart Portfolios LLC increased its holdings in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after buying an additional 146 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Procter & Gamble by 71.5% in the second quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after buying an additional 193 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC increased its holdings in Procter & Gamble by 301.3% in the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after buying an additional 452 shares during the last quarter. 62.57% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Mary Theresa Grabowski sold 5,200 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total transaction of $619,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the 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 owns 246,837 shares of the company’s stock, valued at approximately $26,369,596.71. The disclosure for this sale can be found here. Insiders have sold 253,747 shares of company stock valued at $29,661,946 in the last quarter. Insiders own 1.84% of the company’s stock.
NYSE PG traded up $0.03 during trading hours on Wednesday, hitting $118.93. The company had a trading volume of 646,793 shares, compared to its average volume of 9,110,868. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. Procter & Gamble Co has a 1-year low of $78.49 and a 1-year high of $121.76. The company has a market cap of $298.22 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.45 and a beta of 0.45. The business has a 50 day moving average of $115.63 and a 200-day moving average of $106.96.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $0.7459 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.
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.
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