The Procter & Gamble Company (NYSE:PG) Shares Acquired by Lindenwold Advisors

Lindenwold Advisors raised its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,308 shares of the company’s stock after purchasing an additional 498 shares during the period. Procter & Gamble accounts for approximately 1.6% of Lindenwold Advisors’ investment portfolio, making the stock its 13th biggest holding. Lindenwold Advisors’ holdings in Procter & Gamble were worth $2,645,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lansing Street Advisors purchased a new stake in Procter & Gamble in the first quarter valued at $37,000. Western Pacific Wealth Management LP purchased a new stake in Procter & Gamble in the fourth quarter valued at $40,000. Retirement Group LLC boosted its holdings in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings in Procter & Gamble by 31.0% in the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $50,000. 63.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the transaction, the chief executive officer now owns 4,002 shares in the company, valued at $580,770.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Procter & Gamble Trading Up 0.0 %

Shares of PG stock opened at $144.72 on Friday. The business’s 50 day moving average is $142.90 and its two-hundred day moving average is $151.06. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35. The company has a market capitalization of $347.23 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. During the same period in the prior year, the company earned $1.13 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.913 per share. The ex-dividend date is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PG shares. Raymond James increased their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research note on Monday, June 20th. Finally, UBS Group cut their price objective on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Company Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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