Founders Capital Management LLC Acquires 300 Shares of Procter & Gamble Co (PG)
Founders Capital Management LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,352 shares of the company’s stock after acquiring an additional 300 shares during the period. Founders Capital Management LLC’s holdings in Procter & Gamble were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Mackey Komara & Dankovich LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at about $94,000. Ayalon Holdings Ltd. purchased a new stake in shares of Procter & Gamble during the third quarter valued at about $108,000. First Mercantile Trust Co. purchased a new stake in shares of Procter & Gamble during the third quarter valued at about $111,000. Willingdon Wealth Management lifted its position in shares of Procter & Gamble by 4,668.6% during the third quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after buying an additional 1,634 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC lifted its position in shares of Procter & Gamble by 224.9% during the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock valued at $143,000 after buying an additional 1,192 shares during the last quarter. Institutional investors own 61.61% of the company’s stock.
In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $99.09, for a total transaction of $2,972,700.00. Following the completion of the transaction, the chairman now directly owns 223,849 shares of the company’s stock, valued at approximately $22,181,197.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary A. Coombe sold 9,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 18,517 shares of the company’s stock, valued at $1,738,746.30. The disclosure for this sale can be found here. Insiders sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last ninety days. 1.84% of the stock is currently owned by insiders.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. Procter & Gamble’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Analysts expect that Procter & Gamble Co will post 4.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $0.7459 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
Several analysts have commented on the stock. Wells Fargo & Co raised shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and increased their price target for the company from $78.00 to $115.00 in a research report on Monday. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Credit Suisse Group assumed coverage on shares of Procter & Gamble in a research report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price target for the company. Finally, Macquarie set a $110.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Tuesday, February 26th. Thirteen 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 a consensus price target of $97.74.
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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