Mathes Company Inc. boosted its position in Procter & Gamble Co (NYSE:PG) by 32.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,100 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Mathes Company Inc.’s holdings in Procter & Gamble were worth $320,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Twin Tree Management LP bought a new stake in Procter & Gamble in the 1st quarter worth approximately $144,000. Clearwater Capital Advisors LLC purchased a new position in Procter & Gamble during the 1st quarter valued at $154,000. Corbyn Investment Management Inc. MD purchased a new position in Procter & Gamble during the 1st quarter valued at $157,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Procter & Gamble by 296.5% during 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, Clarus Wealth Advisors bought a new stake in Procter & Gamble during the 2nd quarter valued at $172,000. Institutional investors and hedge funds own 58.36% of the company’s stock.
In other news, Chairman David S. Taylor sold 21,029 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $1,756,342.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 27,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,186 shares of company stock worth $12,080,849. Company insiders own 1.84% of the company’s stock.
Procter & Gamble stock opened at $82.20 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The stock has a market cap of $209.82 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.51.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, research analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.49%. Procter & Gamble’s payout ratio is presently 68.01%.
A number of brokerages have weighed in on PG. Atlantic Securities began coverage on Procter & Gamble in a research report on Thursday, September 20th. They set an “overweight” rating and a $94.00 target price for the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $78.00 target price on shares of Procter & Gamble in a research report on Thursday, August 16th. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Deutsche Bank lifted their target price on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble has an average rating of “Hold” and an average price target of $84.53.
Procter & Gamble Profile
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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