BerganKDV Wealth Management LLC grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 61.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,291 shares of the company’s stock after acquiring an additional 4,304 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Procter & Gamble were worth $1,027,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $119,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of Procter & Gamble by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Finally, Winfield Associates Inc. lifted its position in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.
Shares of Procter & Gamble Co (NYSE PG) traded down $0.54 during mid-day trading on Friday, hitting $89.61. The stock had a trading volume of 8,110,000 shares, compared to its average volume of 6,500,000. The firm has a market capitalization of $227,340.00, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Co has a 12 month low of $83.37 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.73% and a net margin of 17.23%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. equities analysts forecast that Procter & Gamble Co will post 4.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.08%. Procter & Gamble’s dividend payout ratio is currently 73.80%.
In related news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the sale, the insider now owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The disclosure for this sale can be found here. Insiders have sold 21,575 shares of company stock valued at $1,927,095 in the last ninety days. 0.35% of the stock is currently owned by insiders.
PG has been the subject of several recent analyst reports. Macquarie initiated coverage on Procter & Gamble in a research report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective for the company. Vetr upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research report on Friday, September 15th. Bank of America increased their target price on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Jefferies Group reiterated a “buy” rating and issued a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Two equities research 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’s stock. The company has a consensus rating of “Hold” and an average price target of $89.31.
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About Procter & Gamble
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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