InTrack Investment Management Inc increased its stake in The Procter & Gamble Company (NYSE: PG – Get Rating) by 2.0% in the first quarter, reports Holdings Channel. The fund held 5,923 shares of the company’s shares after buying an additional 115 shares during the quarter. Procter & Gamble’s InTrack Investment Management Inc is worth $ 905,000 at the time of its last filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares in the company. Western Pacific Wealth Management LP bought a new position in Procter & Gamble in the fourth quarter worth $ 40,000. Delos Wealth Advisors LLC bought a new position in Procter & Gamble in the fourth quarter worth $ 50,000. Level Financial Advisors Inc. bought a new position in Procter & Gamble in the fourth quarter worth $ 51,000. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the fourth quarter worth $ 53,000. Finally, James Reed Financial Services Inc. bought a new position in Procter & Gamble in the fourth quarter worth $ 53,000. 63.64% of the shares are owned by institutional investors.
In other news, President David C. Taylor sold 30,000 shares of Procter & Gamble in a deal on Monday, April 25th. The shares were sold at an average price of $ 162.83, for a total transaction of $ 4,884,900.00. Following the deal, the chairman now owns 253,933 shares in the company, valued at approximately $ 41,347,910.39. The transaction was disclosed in a document submitted to the Securities and Exchange Commission, which is available on the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble shares in a deal on Tuesday, April 26th. The shares were sold at an average price of $ 162.43, for a total value of $ 54,251.62. Following the transaction, the chief accountant now owns 1,220 shares of the company worth approximately $ 198,164.60. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 108,415 shares of the company worth $ 17,777,055. Insiders of the company own 0.51% of the company’s shares.
Shares of PG opened at $ 144.35 on Friday. The stock has a 50-day moving average price of $ 149.07 and a 200-day moving average price of $ 154.34. The company has a fast ratio of 0.47, a current ratio of 0.68 and a debt to equity ratio of 0.53. The company has a market capitalization of $ 346.34 billion, a price / earnings ratio of 25.19, a PEG ratio of 4.03 and a beta ratio of 0.40. Procter & Gamble has a 12-month low of $ 129.50 and a 12-month high of $ 165.35.
Procter & Gamble (NYSE: PG – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, beating analysts’ consensus estimates of $ 1.28 by $ 0.05. The company had revenue of $ 19.38 billion in the quarter, compared to analysts’ estimates of $ 18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net profit of 18.33%. The company’s revenue increased by 7.0% on an annual basis. During the same period last year, the company earned $ 1.26 earnings per share. Sales analysts predict that The Procter & Gamble Company will report 5.84 earnings per share for the current fiscal year.
The business also recently announced a three-month dividend, which was paid on Monday (May 16th). The record shareholders on Friday, April 22, received a dividend of $ 0.9133 per share. The date of the former dividend on this dividend was Thursday, April 21. This represents a dividend of $ 3.65 on an annual basis and a yield of 2.53%. That’s a boost from Procter & Gamble’s previous quarterly $ 0.87 dividend. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
Several brokers recently commented on PG. JPMorgan Chase & Co. downgraded Procter & Gamble from “overweight” to “neutral” and lowered its target price for the stock from $ 181.00 to $ 165.00 in a research report Wednesday, March 30th. Raymond James raised his price target for Procter & Gamble from $ 175.00 to $ 180.00 and gave the company a “superior” rating in a report on Thursday, April 21. Wells Fargo & Company lowered its price target for Procter & Gamble from $ 180.00 to $ 170.00 and set a rating for the company’s “overweight” in a report on Wednesday, June 1. Goldman Sachs Group lowered its price target for Procter & Gamble from $ 179.00 to $ 173.00 in a report on Tuesday, March 29. Finally, Deutsche Bank Aktiengesellschaft reduced its price target for Procter & Gamble from $ 171.00 to $ 157.00 in a report on Tuesday, June 21. Five analysts rated the shares with a retention rating, and ten gave a rating for the purchase of the company’s shares. According to MarketBeat, the company currently has an average “Moderate Buying” rating and a consensus target price of $ 165.64.
Company profile Procter & Gamble (Get a rating)
Procter & Gamble provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and Africa. Works in five segments: Beauty; Haircuts; Healthcare; Tissue and home care; and Baby, Women’s and Family Care.
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