Hemington Wealth Management Has $461,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Hemington Wealth Management grew its stake in The Procter & Gamble Company (NYSE:PG) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,838 shares of the company’s stock after purchasing an additional 81 shares during the quarter. Hemington Wealth Management’s holdings in Procter & Gamble were worth $461,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter worth $28,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $1.28 during midday trading on Thursday, reaching $165.52. 5,831,456 shares of the company’s stock were exchanged, compared to its average volume of 6,522,896. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm has a market cap of $390.65 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.18 and a beta of 0.41. The stock’s 50-day simple moving average is $166.04 and its 200 day simple moving average is $159.90.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the company posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last three months. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Citigroup lifted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their price target on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $171.74.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.