The Procter & Gamble Company (NYSE:PG) Stock Holdings Boosted by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 61.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,920 shares of the company’s stock after acquiring an additional 3,396 shares during the period. Empowered Funds LLC’s holdings in Procter & Gamble were worth $1,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Galvin Gaustad & Stein LLC grew its position in Procter & Gamble by 0.5% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 77,252 shares of the company’s stock valued at $11,108,000 after buying an additional 373 shares in the last quarter. Altium Wealth Management LLC grew its position in Procter & Gamble by 14.3% in the 2nd quarter. Altium Wealth Management LLC now owns 48,463 shares of the company’s stock valued at $6,969,000 after buying an additional 6,053 shares in the last quarter. Hall Capital Management Co. Inc. grew its position in Procter & Gamble by 4.1% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 15,931 shares of the company’s stock valued at $2,291,000 after buying an additional 630 shares in the last quarter. Veriti Management LLC grew its position in Procter & Gamble by 4.6% in the 2nd quarter. Veriti Management LLC now owns 32,021 shares of the company’s stock valued at $4,604,000 after buying an additional 1,410 shares in the last quarter. Finally, TruWealth Advisors LLC grew its position in Procter & Gamble by 17.6% in the 2nd quarter. TruWealth Advisors LLC now owns 4,480 shares of the company’s stock valued at $644,000 after buying an additional 670 shares in the last quarter. Institutional investors own 62.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Evercore ISI reduced their price objective on shares of Procter & Gamble to $145.00 in a research report on Thursday, October 20th. UBS Group reduced their price objective on shares of Procter & Gamble from $153.00 to $135.00 in a research report on Thursday, October 13th. Finally, Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.00.

Procter & Gamble Price Performance

NYSE PG opened at $141.82 on Wednesday. The company has a 50 day simple moving average of $149.14 and a 200-day simple moving average of $141.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The firm has a market capitalization of $334.57 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 3.93 and a beta of 0.42. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.98.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Friday, January 20th will be issued a $0.9133 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.58%. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 14,922 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $139.60, for a total value of $2,083,111.20. Following the transaction, the chief executive officer now owns 12,310 shares in the company, valued at $1,718,476. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 14,922 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $139.60, for a total transaction of $2,083,111.20. Following the transaction, the chief executive officer now owns 12,310 shares in the company, valued at $1,718,476. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 9,922 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $145.00, for a total value of $1,438,690.00. Following the transaction, the chief executive officer now owns 12,312 shares in the company, valued at approximately $1,785,240. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,812 shares of company stock worth $8,190,363. Insiders own 0.26% of the company’s stock.

About Procter & Gamble

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also

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

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