Nwam LLC Grows Stake in Procter & Gamble Co (PG)
Nwam LLC grew its position in Procter & Gamble Co (NYSE:PG) by 112.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,869 shares of the company’s stock after purchasing an additional 14,227 shares during the period. Nwam LLC’s holdings in Procter & Gamble were worth $2,445,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. grew its stake in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Winfield Associates Inc. grew its stake in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the period. Iron Financial LLC grew its stake in shares of Procter & Gamble by 0.8% during the second quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after purchasing an additional 25 shares during the period. Finally, Davis Rea Ltd. grew its stake in Procter & Gamble by 0.7% in the second quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock valued at $332,000 after acquiring an additional 25 shares during the period. 59.57% of the stock is owned by institutional investors.
A number of research firms have issued reports on PG. Jefferies Group reissued a “buy” rating and issued a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Morgan Stanley decreased their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $89.31.
In other news, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,719 shares of company stock worth $1,661,544. Corporate insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Co (PG) opened at $89.61 on Tuesday. The company has a market capitalization of $227,340.00, a PE ratio of 23.96, a PEG ratio of 2.87 and a beta of 0.67. Procter & Gamble Co has a twelve month low of $83.44 and a twelve month high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. sell-side analysts anticipate that Procter & Gamble Co will post 4.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.08%. Procter & Gamble’s dividend payout ratio (DPR) is 73.80%.
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Procter & Gamble 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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