Hudock Capital Group LLC raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,048 shares of the company’s stock after acquiring an additional 782 shares during the quarter. Procter & Gamble makes up 0.9% of Hudock Capital Group LLC’s investment portfolio, making the stock its 29th biggest holding. Hudock Capital Group LLC’s holdings in Procter & Gamble were worth $2,103,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PG. Bath Savings Trust Co grew its holdings in shares of Procter & Gamble by 0.4% in the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after acquiring an additional 110 shares during the period. NewSquare Capital LLC grew its holdings in Procter & Gamble by 0.7% during the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock valued at $1,516,000 after buying an additional 115 shares during the last quarter. Meritage Portfolio Management grew its holdings in Procter & Gamble by 2.6% during the 4th quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock valued at $428,000 after buying an additional 116 shares during the last quarter. V Wealth Advisors LLC grew its holdings in Procter & Gamble by 1.2% during the 4th quarter. V Wealth Advisors LLC now owns 10,795 shares of the company’s stock valued at $993,000 after buying an additional 123 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its holdings in Procter & Gamble by 0.4% during the 4th quarter. Patten & Patten Inc. TN now owns 28,490 shares of the company’s stock valued at $2,619,000 after buying an additional 124 shares during the last quarter. 61.91% of the stock is owned by institutional investors and hedge funds.
Shares of PG traded down $0.27 during mid-day trading on Wednesday, reaching $104.19. 5,735,527 shares of the company’s stock traded hands, compared to its average volume of 5,903,491. The stock has a market cap of $268.97 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a 12 month low of $72.80 and a 12 month high of $108.68.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Procter & Gamble Co will post 4.48 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $0.7459 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.86%. Procter & Gamble’s payout ratio is presently 70.62%.
In other Procter & Gamble news, insider R. Alexandra Keith sold 3,027 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $298,371.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 3,224 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $98.57, for a total value of $317,789.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,091 shares of company stock worth $34,520,247. 1.84% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on PG shares. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a report on Wednesday, January 30th. Macquarie set a $110.00 target price on Procter & Gamble and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Credit Suisse Group assumed coverage on Procter & Gamble in a research report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 target price on the stock. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the stock a “buy” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $101.42.
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Procter & Gamble 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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