The Procter & Gamble Company (NYSE:PG) Shares Purchased by Hengehold Capital Management LLC

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Hengehold Capital Management LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,411 shares of the company’s stock after purchasing an additional 10,895 shares during the quarter. The Procter & Gamble accounts for approximately 6.8% of Hengehold Capital Management LLC’s holdings, making the stock its 5th biggest position. Hengehold Capital Management LLC’s holdings in The Procter & Gamble were worth $42,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. Heron Financial Group LLC increased its holdings in The Procter & Gamble by 25.2% in the third quarter. Heron Financial Group LLC now owns 6,495 shares of the company’s stock valued at $905,000 after purchasing an additional 1,307 shares during the period. CAPROCK Group Inc. increased its holdings in The Procter & Gamble by 2.9% in the 2nd quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock worth $5,925,000 after acquiring an additional 1,401 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in The Procter & Gamble by 16.8% in the 2nd quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock worth $1,033,000 after acquiring an additional 1,244 shares in the last quarter. CWS Financial Advisors LLC increased its holdings in The Procter & Gamble by 195.8% in the 2nd quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock worth $1,945,000 after acquiring an additional 10,768 shares in the last quarter. Finally, Clarius Group LLC increased its holdings in The Procter & Gamble by 0.4% in the 3rd quarter. Clarius Group LLC now owns 20,730 shares of the company’s stock worth $2,881,000 after acquiring an additional 81 shares in the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.

PG has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target 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. Barclays reaffirmed a “buy” rating on shares of The Procter & Gamble in a report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price 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. SunTrust Banks upped their target price on shares of The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $156.00 target price on shares of The Procter & Gamble in a report on Thursday, October 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $144.50.

In other The Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $144.26, for a total value of $4,327,800.00. Following the transaction, the chief executive officer now owns 301,954 shares of the company’s stock, valued at $43,559,884.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $14,271,143.40. Following the completion of the transaction, the chief executive officer now directly owns 72,960 shares in the company, valued at approximately $10,491,648. The disclosure for this sale can be found here. Insiders sold 498,214 shares of company stock worth $70,239,802 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Shares of PG opened at $142.03 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12-month low of $94.34 and a 12-month high of $146.92. The firm has a 50-day moving average price of $141.19 and a 200 day moving average price of $129.38. The firm has a market capitalization of $353.17 billion, a P/E ratio of 27.23, a P/E/G ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $19.32 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The Procter & Gamble’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 5.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 16th. Shareholders of record on Friday, October 23rd were given a $0.7907 dividend. The ex-dividend date was Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a yield of 2.23%. The Procter & Gamble’s payout ratio is currently 61.72%.

About The Procter & Gamble

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.

Further Reading: Momentum Indicators

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

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