Taylor Hoffman Wealth Management lifted its holdings in Procter & Gamble Co (NYSE:PG) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,725 shares of the company’s stock after acquiring an additional 3,180 shares during the quarter. Procter & Gamble accounts for 1.5% of Taylor Hoffman Wealth Management’s holdings, making the stock its 16th biggest position. Taylor Hoffman Wealth Management’s holdings in Procter & Gamble were worth $2,080,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PG. Krane Funds Advisors LLC purchased a new position in Procter & Gamble during the second quarter valued at $25,000. Camarda Financial Advisors LLC lifted its holdings in Procter & Gamble by 59.2% during the second quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Lucia Wealth Services LLC purchased a new position in Procter & Gamble during the third quarter valued at $29,000. Selective Wealth Management Inc. purchased a new position in Procter & Gamble during the third quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC lifted its holdings in Procter & Gamble by 250.0% during the second quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
In related news, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares in the company, valued at $17,377,687.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.05, for a total transaction of $16,712,928.75. The disclosure for this sale can be found here. Insiders sold 1,645,966 shares of company stock valued at $202,229,770 in the last quarter. 1.75% of the stock is owned by insiders.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The business had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s dividend payout ratio is currently 65.93%.
PG has been the topic of several recent analyst reports. Wells Fargo & Co increased their price objective on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. SunTrust Banks raised their price target on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Macquarie raised their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $116.71.
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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