Advocate Group LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,854 shares of the company’s stock after selling 4,715 shares during the period. Procter & Gamble accounts for approximately 1.4% of Advocate Group LLC’s holdings, making the stock its 26th biggest holding. Advocate Group LLC’s holdings in Procter & Gamble were worth $6,372,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. EWG Elevate Inc. acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $26,000. Silicon Valley Capital Partners bought a new position in Procter & Gamble during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in Procter & Gamble in the third quarter valued at approximately $30,000. Luken Investment Analytics LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $37,000. Finally, Bourgeon Capital Management LLC boosted its position in shares of Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.
Insider Transactions at Procter & Gamble
In related news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total value of $4,836,930.00. Following the transaction, the chief operating officer now owns 10,014 shares in the company, valued at approximately $1,562,484.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the transaction, the insider now owns 7,977 shares in the company, valued at approximately $1,240,184.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the sale, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Procter & Gamble Stock Up 0.5 %
Procter & Gamble stock opened at $152.46 on Tuesday. 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 company’s 50-day moving average is $150.34 and its 200-day moving average is $147.33. The firm has a market capitalization of $359.34 billion, a PE ratio of 26.56, a P/E/G ratio of 4.22 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.11.
Procter & Gamble (NYSE:PG – Free Report) last released its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $19.32 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s payout ratio is currently 65.51%.
Procter & Gamble Company Profile
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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