Alpha Omega Wealth Management LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,271 shares of the company’s stock after selling 185 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Procter & Gamble were worth $2,419,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Coston McIsaac & Partners boosted its position in Procter & Gamble by 3.7% during the 1st quarter. Coston McIsaac & Partners now owns 39,578 shares of the company’s stock worth $5,884,000 after acquiring an additional 1,407 shares during the period. Carmel Capital Partners LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at $245,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Procter & Gamble by 0.7% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 9,953 shares of the company’s stock valued at $1,480,000 after buying an additional 67 shares during the period. Legacy Trust lifted its holdings in shares of Procter & Gamble by 39.9% in the first quarter. Legacy Trust now owns 5,663 shares of the company’s stock valued at $842,000 after buying an additional 1,616 shares during the period. Finally, Patriot Investment Management Group Inc. lifted its holdings in shares of Procter & Gamble by 91.2% in the first quarter. Patriot Investment Management Group Inc. now owns 17,236 shares of the company’s stock valued at $2,563,000 after buying an additional 8,223 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.
Insider Transactions at Procter & Gamble
In other news, insider Susan Street Whaley sold 4,852 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the completion of the sale, the insider now owns 7,977 shares in the company, valued at approximately $1,240,184.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Andre Schulten sold 25,244 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the sale, the chief financial officer now owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 4,852 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $155.47, for a total value of $754,340.44. Following the sale, the insider now owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $152.46 on Tuesday. The business’s 50-day moving average price is $150.34 and its two-hundred day moving average price is $147.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $158.11. The company has a market capitalization of $359.34 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 4.22 and a beta of 0.42.
Procter & Gamble (NYSE:PG – Free Report) last issued its earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The firm had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, April 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio is 65.51%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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