LexAurum Advisors LLC Increases Stock Position in Procter & Gamble Co (NYSE:PG)
LexAurum Advisors LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 11.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,189 shares of the company’s stock after purchasing an additional 323 shares during the period. LexAurum Advisors LLC’s holdings in Procter & Gamble were worth $350,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. SeaBridge Investment Advisors LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $36,000. Smart Portfolios LLC lifted its position in Procter & Gamble by 48.0% during the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $62,000. Stevens First Principles Investment Advisors lifted its position in Procter & Gamble by 239.8% during the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after acquiring an additional 482 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its position in Procter & Gamble by 301.3% during the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after acquiring an additional 452 shares during the last quarter. 62.20% of the stock is owned by hedge funds and other institutional investors.
PG has been the subject of a number of analyst reports. Wells Fargo & Co set a $27.00 target price on shares of Univar and gave the company a “buy” rating in a research report on Monday, April 8th. DZ Bank reissued a “buy” rating on shares of Deutz in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Finally, Credit Suisse Group set a $100.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Hold” and an average price target of $102.32.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equities analysts expect that Procter & Gamble Co will post 4.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $0.7459 dividend. The ex-dividend date is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.61%. Procter & Gamble’s payout ratio is currently 70.62%.
In other news, Director Trian Fund Management, L.P. sold 71,500 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $104.62, for a total value of $7,480,330.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the sale, the chief executive officer now owns 256,088 shares in the company, valued at approximately $26,889,240. The disclosure for this sale can be found here. Insiders sold 320,840 shares of company stock worth $33,904,086 in the last quarter. Company insiders own 1.84% of the company’s stock.
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.
See Also: Trade War
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.