Horan Capital Advisors LLC. Trims Position in Procter & Gamble Co (PG)
Horan Capital Advisors LLC. lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 4.5% in the third quarter, Holdings Channel reports. The fund owned 28,975 shares of the company’s stock after selling 1,378 shares during the quarter. Procter & Gamble comprises 1.6% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 27th biggest holding. Horan Capital Advisors LLC.’s holdings in Procter & Gamble were worth $2,636,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Asset Planning Services Ltd. increased its position in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP purchased a new stake in Procter & Gamble in the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble in the third quarter worth about $125,000. Blume Capital Management Inc. increased its position in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Finally, Legacy Advisors LLC bought a new position in shares of Procter & Gamble in the third quarter worth about $174,000. Institutional investors own 59.94% of the company’s stock.
In other Procter & Gamble news, insider Ioannis Skoufalos sold 2,880 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total value of $438,044.40. Following the sale, the insider now owns 25,429 shares in the company, valued at $2,283,524.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,681 shares of company stock valued at $6,266,735. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. equities analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is presently 73.60%.
PG has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research note on Monday, December 18th. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Morgan Stanley upped their price objective on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank initiated coverage on Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $88.38.
Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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