Venturi Wealth Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,461 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Venturi Wealth Management LLC’s holdings in Procter & Gamble were worth $2,022,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Monumental Financial Group Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $47,000. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $60,000. Newfound Research LLC boosted its position in shares of Procter & Gamble by 27.8% during the 3rd quarter. Newfound Research LLC now owns 831 shares of the company’s stock valued at $116,000 after acquiring an additional 181 shares during the last quarter. Canton Hathaway LLC boosted its position in shares of Procter & Gamble by 93.5% during the 3rd quarter. Canton Hathaway LLC now owns 1,190 shares of the company’s stock valued at $166,000 after acquiring an additional 575 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in shares of Procter & Gamble by 111.3% during the 2nd quarter. Wagner Wealth Management LLC now owns 1,234 shares of the company’s stock valued at $167,000 after acquiring an additional 650 shares during the last quarter. 62.86% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on PG. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, October 20th. Bank of America started coverage on shares of Procter & Gamble in a report on Tuesday, October 5th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Tuesday, October 5th. Berenberg Bank restated a “hold” rating and issued a $146.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 20th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $150.00 price objective on shares of Procter & Gamble in a report on Tuesday, December 21st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $149.44.
In other news, CAO Michael G. Homan sold 10,134 shares of the stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $148.29, for a total value of $1,502,770.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 1,200 shares of the stock in a transaction that occurred on Tuesday, October 26th. The shares were sold at an average price of $143.00, for a total value of $171,600.00. The disclosure for this sale can be found here. Insiders sold 151,249 shares of company stock valued at $22,257,187 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.
PG stock opened at $159.81 on Friday. The company’s 50 day moving average price is $154.53 and its 200 day moving average price is $146.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67. The Procter & Gamble Company has a fifty-two week low of $121.54 and a fifty-two week high of $165.32. The firm has a market capitalization of $386.73 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 4.01 and a beta of 0.47.
Procter & Gamble (NYSE:PG) last released its earnings results on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 5.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 15th. Investors of record on Friday, January 21st will be issued a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, January 20th. Procter & Gamble’s dividend payout ratio (DPR) is 63.62%.
About Procter & Gamble
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 comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.
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