HNP Capital LLC Invests $325,000 in The Procter & Gamble Company (NYSE:PG)

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HNP Capital LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,268 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors also recently bought and sold shares of the company. Newfound Research LLC purchased a new position in The Procter & Gamble in the third quarter valued at $29,000. Costello Asset Management INC acquired a new position in shares of The Procter & Gamble during the 2nd quarter valued at $35,000. FAI Wealth Management lifted its holdings in shares of The Procter & Gamble by 203.0% during the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares in the last quarter. Estate Counselors LLC acquired a new position in shares of The Procter & Gamble during the 2nd quarter valued at $47,000. Finally, Barnett & Company Inc. lifted its holdings in shares of The Procter & Gamble by 23.4% during the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after acquiring an additional 86 shares in the last quarter. 62.81% of the stock is currently owned by institutional investors and hedge funds.

In other The Procter & Gamble news, CEO R. Alexandra Keith sold 99,243 shares of the company’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $143.80, for a total value of $14,271,143.40. Following the completion of the transaction, the chief executive officer now owns 72,960 shares in the company, valued at approximately $10,491,648. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 498,214 shares of company stock valued at $70,239,802. Insiders own 0.70% of the company’s stock.

Shares of PG traded up $0.08 during midday trading on Tuesday, hitting $142.51. The company had a trading volume of 80,715 shares, compared to its average volume of 8,202,316. The company’s 50 day moving average price is $141.19 and its 200 day moving average price is $129.38. The stock has a market cap of $353.17 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.53 and a beta of 0.43. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $146.92. 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 Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 5.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Friday, October 23rd were given a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Procter & Gamble from $150.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Jefferies Financial Group boosted their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Berenberg Bank reiterated a “hold” rating and issued a $156.00 price objective on shares of The Procter & Gamble in a report on Thursday, October 22nd. Morgan Stanley boosted their price objective on shares of The Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $128.00 price objective on shares of The Procter & Gamble in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The Procter & Gamble presently has an average rating of “Buy” and a consensus price target of $144.50.

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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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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