Chicago Capital LLC grew its stake in Procter & Gamble Co (NYSE:PG) by 67.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,407 shares of the company’s stock after purchasing an additional 10,593 shares during the quarter. Chicago Capital LLC’s holdings in Procter & Gamble were worth $2,061,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP acquired a new position in Procter & Gamble in the 1st quarter valued at about $144,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $154,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $157,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after acquiring an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $170,000. Institutional investors and hedge funds own 58.36% of the company’s stock.
NYSE:PG traded up $0.19 during trading hours on Friday, reaching $79.06. 9,863,043 shares of the company’s stock were exchanged, compared to its average volume of 8,832,482. The stock has a market cap of $209.82 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $93.51.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion during the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. Procter & Gamble’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Sell-side analysts expect that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
PG has been the topic of several recent research reports. ValuEngine raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co reaffirmed a “hold” rating and set a $78.00 target price on shares of Procter & Gamble in a research note on Thursday, August 16th. Atlantic Securities initiated coverage on shares of Procter & Gamble in a research note on Thursday, September 20th. They set an “overweight” rating and a $94.00 target price on the stock. Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 price objective on the stock. in a research report on Tuesday, July 31st. Finally, UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $84.53.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $81.35, for a total transaction of $233,718.55. Following the completion of the transaction, the insider now owns 113,638 shares in the company, valued at approximately $9,244,451.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total transaction of $349,197.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,186 shares of company stock valued at $12,080,849. 1.84% of the stock is owned by company insiders.
About Procter & Gamble
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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