Global Financial Private Capital LLC Decreases Stake in Procter & Gamble Co (PG)

Global Financial Private Capital LLC reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 10.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,091 shares of the company’s stock after selling 25,656 shares during the quarter. Global Financial Private Capital LLC’s holdings in Procter & Gamble were worth $17,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Private Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 49.7% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 4,244 shares of the company’s stock valued at $336,000 after buying an additional 1,409 shares during the last quarter. Signition LP acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $274,000. Principal Financial Group Inc. boosted its holdings in shares of Procter & Gamble by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,449,856 shares of the company’s stock valued at $352,785,000 after buying an additional 16,480 shares during the last quarter. Bollard Group LLC boosted its holdings in shares of Procter & Gamble by 5.4% in the 1st quarter. Bollard Group LLC now owns 31,918 shares of the company’s stock valued at $2,530,000 after buying an additional 1,646 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Procter & Gamble by 0.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,223,496 shares of the company’s stock valued at $334,839,000 after buying an additional 26,546 shares during the last quarter. 59.54% of the stock is owned by institutional investors.

Shares of Procter & Gamble stock opened at $81.31 on Wednesday. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. The firm has a market cap of $205.29 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 2.62 and a beta of 0.58.



Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.52 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. sell-side analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Friday, July 20th will be issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, July 19th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

In other news, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total transaction of $2,177,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Price Matthew sold 11,626 shares of Procter & Gamble stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $82.00, for a total value of $953,332.00. Following the sale, the insider now directly owns 27,496 shares of the company’s stock, valued at approximately $2,254,672. The disclosure for this sale can be found here. Insiders have sold 94,035 shares of company stock valued at $7,542,189 in the last three months. Insiders own 0.35% of the company’s stock.

Several equities research analysts have issued reports on PG shares. Bank of America reaffirmed a “neutral” rating and set a $90.00 price target on shares of Procter & Gamble in a report on Thursday, April 19th. SunTrust Banks reaffirmed a “hold” rating and set a $75.00 price target on shares of Procter & Gamble in a report on Friday, April 20th. Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price target on shares of Procter & Gamble in a report on Thursday, April 19th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Procter & Gamble in a report on Monday, June 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and an average price target of $85.32.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

Featured Article: Penny Stocks, What You Need To Know

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply