Bridgeworth LLC Boosts Stock Position in Procter & Gamble Co (NYSE:PG)

Bridgeworth LLC grew its holdings in Procter & Gamble Co (NYSE:PG) by 4.5% in the third quarter, Holdings Channel reports. The institutional investor owned 11,137 shares of the company’s stock after acquiring an additional 477 shares during the quarter. Bridgeworth LLC’s holdings in Procter & Gamble were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PG. Slow Capital Inc. increased its holdings in Procter & Gamble by 3.9% in the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after buying an additional 86 shares during the last quarter. Stony Point Wealth Management Inc. boosted its stake in Procter & Gamble by 0.7% in the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after acquiring an additional 91 shares during the period. Centric Wealth Management boosted its stake in Procter & Gamble by 0.9% in the third quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock valued at $1,295,000 after acquiring an additional 91 shares during the period. Family Legacy Inc. boosted its stake in Procter & Gamble by 0.6% in the second quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock valued at $1,772,000 after acquiring an additional 95 shares during the period. Finally, Merit Financial Group LLC boosted its stake in Procter & Gamble by 1.6% in the first quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock valued at $632,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

A number of equities analysts have commented on the company. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their target price for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. SunTrust Banks boosted their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. UBS Group set a $122.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, TheStreet downgraded shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and an average price target of $108.95.

In related news, Vice Chairman Jon R. Moeller sold 141,575 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $118.05, for a total value of $16,712,928.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marylynn Fergusonmchugh sold 2,680 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $119.93, for a total transaction of $321,412.40. Following the completion of the sale, the chief executive officer now owns 84,901 shares of the company’s stock, valued at $10,182,176.93. The disclosure for this sale can be found here. Insiders sold 451,354 shares of company stock worth $53,518,874 over the last ninety days. 1.75% of the stock is currently owned by company insiders.

Shares of NYSE PG traded down $0.40 during mid-day trading on Wednesday, reaching $116.80. The company had a trading volume of 63,542 shares, compared to its average volume of 6,344,081. Procter & Gamble Co has a twelve month low of $79.90 and a twelve month high of $125.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. The stock has a market capitalization of $303.04 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42. The stock’s 50 day moving average is $121.98 and its 200-day moving average is $113.02.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the prior year, the business posted $0.94 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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