MUFG Securities EMEA plc Has $10.42 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)
MUFG Securities EMEA plc decreased its stake in Procter & Gamble Co (NYSE:PG) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the company’s stock after selling 39,100 shares during the period. MUFG Securities EMEA plc’s holdings in Procter & Gamble were worth $10,417,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at about $25,000. Camarda Financial Advisors LLC increased its stake 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 purchasing an additional 100 shares in the last quarter. Dougherty Wealth Advisers LLC raised its holdings in Procter & Gamble by 250.0% in the second quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after purchasing an additional 250 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $36,000. Finally, Smart Portfolios LLC boosted its position in shares of Procter & Gamble by 48.0% during the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after purchasing an additional 146 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total value of $2,043,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the sale, the insider now owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock worth $53,197,461 over the last quarter. Company insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last issued 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 company had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. During the same period last year, the business earned $0.94 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate 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. Investors of record on Friday, July 19th were issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s payout ratio is 65.93%.
PG has been the subject of a number of recent analyst reports. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Royal Bank of Canada restated a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. Morgan Stanley set a $129.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Monday, August 12th. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. One 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. Procter & Gamble presently has a consensus rating of “Hold” and an average 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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