Toth Financial Advisory Corp reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,890 shares of the company’s stock after selling 1,210 shares during the quarter. The Procter & Gamble makes up about 1.1% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 29th biggest holding. Toth Financial Advisory Corp’s holdings in The Procter & Gamble were worth $5,961,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PG. Costello Asset Management INC acquired a new position in shares of The Procter & Gamble during the second quarter worth approximately $35,000. FAI Wealth Management increased its holdings in shares of The Procter & Gamble by 203.0% in the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Estate Counselors LLC bought a new position in shares of The Procter & Gamble in the second quarter valued at $47,000. Barnett & Company Inc. increased its holdings in shares of The Procter & Gamble by 23.4% in the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after buying an additional 86 shares in the last quarter. Finally, Lountzis Asset Management LLC acquired a new stake in The Procter & Gamble during the 2nd quarter valued at $58,000. 62.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Berenberg Bank upped their price target on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. SunTrust Banks upped their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Morgan Stanley upped their price target on shares of The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Finally, Barclays restated a “buy” rating on shares of The Procter & Gamble in a report on Sunday, August 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $137.87.
In other news, insider Mary Theresa Grabowski sold 21,431 shares of The Procter & Gamble stock in a transaction on Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $2,786,030.00. Following the transaction, the insider now directly owns 55,013 shares of the company’s stock, valued at $7,151,690. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jon R. Moeller sold 81,755 shares of The Procter & Gamble stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $136.18, for a total transaction of $11,133,395.90. Over the last three months, insiders have sold 272,757 shares of company stock worth $36,738,374. Insiders own 0.70% of the company’s stock.
PG stock traded up $0.56 during midday trading on Friday, reaching $144.39. The company’s stock had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $145.87. The stock has a market cap of $359.48 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $138.93 and its 200-day simple moving average is $125.52.
The Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The firm had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. During the same period last year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.7907 per share. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The Procter & Gamble’s dividend payout ratio is 61.72%.
The Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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