Legacy Capital Partners Inc. raised its stake in Procter & Gamble Co (NYSE:PG) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,114 shares of the company’s stock after acquiring an additional 134 shares during the quarter. Procter & Gamble makes up 1.9% of Legacy Capital Partners Inc.’s portfolio, making the stock its 13th biggest holding. Legacy Capital Partners Inc.’s holdings in Procter & Gamble were worth $4,318,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orser Capital Management LLC grew its position in shares of Procter & Gamble by 16.6% in the fourth quarter. Orser Capital Management LLC now owns 2,301 shares of the company’s stock valued at $286,000 after purchasing an additional 328 shares during the period. Quadrant Capital Group LLC grew its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Quadrant Capital Group LLC now owns 75,964 shares of the company’s stock valued at $9,452,000 after purchasing an additional 885 shares during the period. Bank of Marin purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $240,000. Watchman Group Inc. purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $1,741,000. Finally, Richard C. Young & CO. LTD. grew its position in shares of Procter & Gamble by 1.0% in the fourth quarter. Richard C. Young & CO. LTD. now owns 130,638 shares of the company’s stock valued at $16,317,000 after purchasing an additional 1,332 shares during the period. 63.44% of the stock is owned by institutional investors.
A number of research firms have issued reports on PG. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lowered their price target for the company from $130.00 to $128.00 in a research report on Monday, March 30th. Morgan Stanley boosted their price objective on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Bank of America restated a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research note on Saturday, April 18th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Buy” and an average target price of $130.31.
In other Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $115.47, for a total transaction of $3,464,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deborah P. Majoras sold 12,589 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $122.68, for a total value of $1,544,418.52. Following the transaction, the insider now directly owns 44,948 shares of the company’s stock, valued at $5,514,220.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,963,114 shares of company stock valued at $1,067,197,986. 1.75% of the stock is currently owned by corporate insiders.
PG stock traded up $0.95 on Tuesday, reaching $122.60. The company’s stock had a trading volume of 2,866,421 shares, compared to its average volume of 7,837,726. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09. The company has a market capitalization of $299.26 billion, a P/E ratio of 68.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.42. The firm has a fifty day moving average of $116.76 and a two-hundred day moving average of $119.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business had revenue of $17.21 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.
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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