Andesa Financial Management Inc. Invests $740,000 in Procter & Gamble Co (PG)
Andesa Financial Management Inc. acquired a new position in shares of Procter & Gamble Co (NYSE:PG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,075 shares of the company’s stock, valued at approximately $740,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Eukles Asset Management bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $80,000. Tributary Capital Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $91,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $94,000. Ayalon Holdings Ltd. bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $108,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $111,000. 61.76% of the stock is owned by institutional investors.
In related news, Director Trian Fund Management, L.P. sold 1,208,754 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $99.08, for a total transaction of $119,763,346.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary A. Coombe sold 9,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $93.90, for a total transaction of $845,100.00. Following the sale, the insider now owns 18,517 shares in the company, valued at $1,738,746.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,270,496 shares of company stock worth $224,931,027. Insiders own 1.84% of the company’s stock.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is currently 70.62%.
A number of equities analysts have issued reports on PG shares. Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Tuesday, February 26th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Wednesday, January 30th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, January 21st. Bank of America reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 8th. Finally, Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average target price of $97.74.
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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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