Shepherd Financial Partners LLC lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,416 shares of the company’s stock after selling 592 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Procter & Gamble were worth $594,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PG. Camarda Financial Advisors LLC raised its position in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $36,000. Smart Portfolios LLC increased its stake in shares of Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after buying an additional 146 shares during the period. Financial Management Professionals Inc. increased its stake in shares of Procter & Gamble by 71.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after buying an additional 193 shares during the period. Finally, Advocacy Wealth Management Services LLC increased its stake in shares of Procter & Gamble by 301.3% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 62.57% of the company’s stock.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 40,977 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $119.31, for a total value of $4,888,965.87. Following the completion of the transaction, the insider now directly owns 172,032 shares of the company’s stock, valued at $20,525,137.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total value of $207,134.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 429,026 shares of company stock valued at $50,867,990. 1.84% of the stock is owned by insiders.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $0.7459 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, July 30th. UBS Group set a $122.00 target price on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their target price for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. Finally, Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $108.15.
Procter & Gamble Company Profile
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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