Wade G W & Inc. trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,684 shares of the company’s stock after selling 13,156 shares during the period. Procter & Gamble accounts for about 1.7% of Wade G W & Inc.’s investment portfolio, making the stock its 14th biggest holding. Wade G W & Inc.’s holdings in Procter & Gamble were worth $14,721,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of PG. Signature Estate & Investment Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $103,000. Cerebellum GP LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $122,000. James Investment Research Inc. increased its stake in Procter & Gamble by 400.0% in the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after purchasing an additional 1,200 shares in the last quarter. Lenox Wealth Advisors Inc. increased its stake in Procter & Gamble by 140.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock valued at $149,000 after purchasing an additional 947 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $171,000. 59.39% of the stock is owned by institutional investors and hedge funds.
Get Procter & Gamble alerts:In related news, insider Gary A. Coombe sold 1,529 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $74.25, for a total transaction of $113,528.25. Following the completion of the transaction, the insider now owns 5,235 shares in the company, valued at $388,698.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven D. Bishop sold 2,075 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total transaction of $149,130.25. Following the transaction, the insider now owns 42,524 shares of the company’s stock, valued at approximately $3,056,199.88. The disclosure for this sale can be found here. Insiders have sold 20,938 shares of company stock valued at $1,604,483 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
PG has been the subject of several recent analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Procter & Gamble in a research note on Thursday, April 19th. Morgan Stanley lowered their target price on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, April 5th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, March 27th. SunTrust Banks reaffirmed a “hold” rating and issued a $75.00 target price on shares of Procter & Gamble in a research note on Friday, April 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $90.00 price objective on shares of Procter & Gamble in a research report on Thursday, April 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average price target of $87.90.
Shares of PG stock opened at $79.31 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.42. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.67. The firm has a market cap of $196.39 billion, a PE ratio of 20.23, a P/E/G ratio of 2.44 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The company had revenue of $16.28 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. research analysts anticipate that Procter & Gamble Co will post 4.19 EPS for the current fiscal year.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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