Welch Investments LLC Has $4.20 Million Position in Procter & Gamble Company (The) (PG)

Welch Investments LLC boosted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,167 shares of the company’s stock after acquiring an additional 2,987 shares during the quarter. Procter & Gamble Company (The) accounts for about 3.1% of Welch Investments LLC’s investment portfolio, making the stock its 24th biggest position. Welch Investments LLC’s holdings in Procter & Gamble Company (The) were worth $4,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. Grove Bank & Trust grew its stake in Procter & Gamble Company (The) by 56.2% during the second quarter. Grove Bank & Trust now owns 25,646 shares of the company’s stock worth $2,235,000 after buying an additional 9,231 shares during the last quarter. Weatherly Asset Management L. P. grew its stake in Procter & Gamble Company (The) by 11.0% during the second quarter. Weatherly Asset Management L. P. now owns 37,311 shares of the company’s stock worth $3,252,000 after buying an additional 3,707 shares during the last quarter. Telos Capital Management Inc. grew its stake in Procter & Gamble Company (The) by 2.7% during the second quarter. Telos Capital Management Inc. now owns 30,867 shares of the company’s stock worth $2,690,000 after buying an additional 810 shares during the last quarter. Bessemer Group Inc. grew its stake in Procter & Gamble Company (The) by 0.6% during the second quarter. Bessemer Group Inc. now owns 125,503 shares of the company’s stock worth $10,938,000 after buying an additional 761 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its stake in Procter & Gamble Company (The) by 3.6% during the second quarter. Lee Danner & Bass Inc. now owns 144,285 shares of the company’s stock worth $12,574,000 after buying an additional 5,074 shares during the last quarter. 59.36% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold a total of 48,648 shares of company stock worth $4,481,621 in the last quarter. 0.35% of the stock is owned by corporate insiders.

Shares of Procter & Gamble Company (NYSE:PG) opened at 86.98 on Wednesday. The firm has a market capitalization of $221.80 billion, a price-to-earnings ratio of 15.55 and a beta of 0.67. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.67. The company’s 50 day moving average is $92.16 and its 200-day moving average is $89.82.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.25%. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the company earned $1.03 EPS. Procter & Gamble Company (The)’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be given a dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.17%. Procter & Gamble Company (The)’s payout ratio is presently 48.51%.

Several brokerages have weighed in on PG. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a research note on Monday. Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Morgan Stanley decreased their price target on shares of Procter & Gamble Company (The) from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble Company (The) and gave the company a “hold” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Procter & Gamble Company (The) has an average rating of “Hold” and an average price target of $89.16.

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About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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