16,073 Shares in Procter & Gamble Co (PG) Purchased by B. Riley Wealth Management Inc.

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B. Riley Wealth Management Inc. purchased a new position in Procter & Gamble Co (NYSE:PG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,073 shares of the company’s stock, valued at approximately $1,338,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in Procter & Gamble by 17.1% in the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock worth $7,087,000 after acquiring an additional 12,410 shares during the period. Whitener Capital Management Inc. boosted its stake in shares of Procter & Gamble by 4.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 25,952 shares of the company’s stock valued at $2,025,000 after buying an additional 1,084 shares during the last quarter. Chemical Bank boosted its stake in shares of Procter & Gamble by 2.0% during the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock valued at $8,966,000 after buying an additional 2,141 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Procter & Gamble by 7.4% during the 3rd quarter. Peoples Financial Services CORP. now owns 69,301 shares of the company’s stock valued at $5,767,000 after buying an additional 4,775 shares during the last quarter. Finally, Truepoint Inc. boosted its stake in shares of Procter & Gamble by 1,148.6% during the 2nd quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock valued at $23,407,000 after buying an additional 275,846 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

In other Procter & Gamble news, insider Gary A. Coombe sold 9,000 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of $93.90, for a total value of $845,100.00. Following the sale, the insider now directly owns 18,517 shares of the company’s stock, valued at $1,738,746.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David S. Taylor sold 30,000 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the sale, the chairman now directly owns 223,849 shares in the company, valued at $22,181,197.41. The disclosure for this sale can be found here. Insiders have sold 2,270,496 shares of company stock worth $224,931,027 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

Shares of PG opened at $101.32 on Friday. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $101.78. The firm has a market cap of $252.23 billion, a P/E ratio of 24.01, a PEG ratio of 3.26 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. During the same period last year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts predict that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, January 18th were paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

PG has been the subject of several research analyst reports. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Thursday, December 13th. Berenberg Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and increased their target price for the company from $86.00 to $92.00 in a research note on Thursday, January 24th. Barclays reiterated a “hold” rating and set a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 8th. Goldman Sachs Group reiterated a “neutral” rating and set a $95.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $91.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $96.21.

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

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