Flaharty Asset Management LLC Has $434,000 Holdings in Procter & Gamble Co (NYSE:PG)

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Flaharty Asset Management LLC raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,491 shares of the company’s stock after purchasing an additional 204 shares during the quarter. Flaharty Asset Management LLC’s holdings in Procter & Gamble were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Krane Funds Advisors LLC bought a new position in Procter & Gamble during the 2nd quarter worth $25,000. Lucia Wealth Services LLC bought a new position in Procter & Gamble during the 3rd quarter worth $29,000. Camarda Financial Advisors LLC increased its position in Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Dougherty Wealth Advisers LLC increased its position in Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares during the period. Finally, Princeton Global Asset Management LLC increased its position in Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after buying an additional 150 shares during the period. 65.64% of the stock is owned by institutional investors and hedge funds.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares in the company, valued at $7,224,550. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,674 shares of company stock worth $53,197,461. Company insiders own 1.75% of the company’s stock.

Several research analysts have weighed in on the company. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price objective (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Morgan Stanley increased their price objective on Procter & Gamble from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. SunTrust Banks increased their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $108.95.

Shares of NYSE PG traded down $2.87 during mid-day trading on Tuesday, reaching $117.18. The company had a trading volume of 3,930,450 shares, compared to its average volume of 6,344,081. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. Procter & Gamble Co has a one year low of $78.92 and a one year high of $125.36. The firm has a market cap of $303.04 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.51 and a beta of 0.42. The business’s 50-day simple moving average is $121.98 and its 200 day simple moving average is $112.95.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is presently 65.93%.

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

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