M Holdings Securities Inc. Increases Holdings in Procter & Gamble Co (NYSE:PG)
M Holdings Securities Inc. grew its position in shares of Procter & Gamble Co (NYSE:PG) by 65.6% in the first quarter, Holdings Channel reports. The institutional investor owned 74,301 shares of the company’s stock after buying an additional 29,427 shares during the period. Procter & Gamble accounts for 1.8% of M Holdings Securities Inc.’s holdings, making the stock its 6th biggest holding. M Holdings Securities Inc.’s holdings in Procter & Gamble were worth $7,731,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. SeaBridge Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $36,000. Smart Portfolios LLC lifted its holdings in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after purchasing an additional 146 shares during the period. Thor Advisors LLC bought a new stake in Procter & Gamble in the first quarter worth about $69,000. Intercontinental Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth about $62,000. Finally, Stevens First Principles Investment Advisors raised its position in Procter & Gamble by 239.8% in the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock worth $63,000 after acquiring an additional 482 shares in the last quarter. Institutional investors own 62.24% of the company’s stock.
Several analysts have issued reports on the company. Macquarie set a $110.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a report on Tuesday, February 26th. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, April 24th. Credit Suisse Group set a $100.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, May 10th. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $111.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $101.42.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The business had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts predict that Procter & Gamble Co will post 4.48 EPS for the current year.
In other news, VP Valarie L. Sheppard sold 26,891 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $106.32, for a total value of $2,859,051.12. Following the sale, the vice president now directly owns 51,323 shares of the company’s stock, valued at approximately $5,456,661.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 6,161 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $103.10, for a total value of $635,199.10. Following the completion of the sale, the insider now directly owns 44,996 shares in the company, valued at $4,639,087.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 320,840 shares of company stock worth $33,904,086. Company insiders own 1.84% of the company’s stock.
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About Procter & Gamble
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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