Cardinal Strategic Wealth Guidance reduced its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,209 shares of the company’s stock after selling 542 shares during the quarter. Cardinal Strategic Wealth Guidance’s holdings in Procter & Gamble were worth $942,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ledyard National Bank boosted its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock worth $10,233,000 after buying an additional 961 shares during the last quarter. Autumn Glory Partners LLC lifted its holdings in Procter & Gamble by 38.9% during the third quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after purchasing an additional 3,070 shares during the last quarter. Private Wealth Partners LLC lifted its holdings in Procter & Gamble by 9.4% during the third quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock valued at $3,586,000 after purchasing an additional 2,445 shares during the last quarter. Udine Wealth Management Inc. purchased a new stake in Procter & Gamble during the third quarter valued at about $752,000. Finally, Virtus ETF Advisers LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $665,000. 62.13% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Procter & Gamble
In other news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,766 shares of company stock worth $656,511. Insiders own 0.26% of the company’s stock.
Analysts Set New Price Targets
Procter & Gamble Stock Up 2.0 %
Shares of NYSE PG opened at $146.72 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. The stock has a market capitalization of $346.13 billion, a P/E ratio of 25.74, a PEG ratio of 4.10 and a beta of 0.40. The firm’s 50 day simple moving average is $141.10 and its two-hundred day simple moving average is $140.91.
Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is 64.04%.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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