Asset Management Group Inc. lifted its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,606 shares of the company’s stock after acquiring an additional 69 shares during the period. Asset Management Group Inc.’s holdings in Procter & Gamble were worth $2,244,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the second quarter worth about $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. boosted its position in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares during the last quarter. POM Investment Strategies LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $34,000. Finally, Vima LLC bought a new stake in Procter & Gamble in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Insider Transactions at Procter & Gamble
In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now owns 300,777 shares in the company, valued at approximately $51,252,400.80. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock worth $63,829,141 over the last 90 days. 0.17% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on PG
Procter & Gamble Stock Up 1.6 %
Procter & Gamble stock opened at $174.22 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The stock has a market capitalization of $411.18 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.84 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The business has a fifty day moving average price of $170.21 and a 200-day moving average price of $165.69.
Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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