Procter & Gamble Co (NYSE:PG) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,002 shares of the company’s stock after selling 1,268 shares during the quarter. Procter & Gamble makes up 1.6% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 11th biggest holding. Lee Danner & Bass Inc.’s holdings in Procter & Gamble were worth $13,421,000 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 raised its stake in Procter & Gamble by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock valued at $2,672,000 after acquiring an additional 110 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 0.7% during the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock worth $1,516,000 after buying an additional 115 shares in the last quarter. Meritage Portfolio Management raised its stake in shares of Procter & Gamble by 2.6% during the 4th quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock worth $428,000 after buying an additional 116 shares in the last quarter. V Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 1.2% during the 4th quarter. V Wealth Advisors LLC now owns 10,795 shares of the company’s stock worth $993,000 after buying an additional 123 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its stake in shares of Procter & Gamble by 0.4% during the 4th quarter. Patten & Patten Inc. TN now owns 28,490 shares of the company’s stock worth $2,619,000 after buying an additional 124 shares in the last quarter. 61.91% of the stock is owned by institutional investors and hedge funds.

In related news, insider R. Alexandra Keith sold 3,027 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $298,371.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

PG stock traded down $0.27 during midday trading on Wednesday, reaching $104.19. The company had a trading volume of 5,735,527 shares, compared to its average volume of 5,903,491. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a fifty-two week low of $72.80 and a fifty-two week high of $108.68. The company has a market cap of $268.97 billion, a P/E ratio of 24.69, a PEG ratio of 3.44 and a beta of 0.39.

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. The company had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Analysts expect that Procter & Gamble Co will post 4.48 EPS for the current fiscal 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%.

A number of equities analysts have recently issued reports on the company. Credit Suisse Group set a $100.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, May 10th. Deutsche Bank upped their price target on Procter & Gamble from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Co upgraded Procter & Gamble from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $78.00 to $115.00 in a report on Monday, April 8th. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $101.42.

ILLEGAL ACTIVITY WARNING: “Procter & Gamble Co (NYSE:PG) Shares Sold by Lee Danner & Bass Inc.” was originally published by Sundance Herald and is owned by of Sundance Herald. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://sundanceherald.com/2019/05/29/procter-gamble-co-pg-shares-sold-by-lee-danner-bass-inc.html.

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.

Featured Article: Bear Market

Institutional Ownership by Quarter for Procter & Gamble (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.



Leave a Reply