Stephens Inc. AR Sells 28,383 Shares of Procter & Gamble Co (NYSE:PG)

Stephens Inc. AR lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 15.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,069 shares of the company’s stock after selling 28,383 shares during the period. Stephens Inc. AR’s holdings in Procter & Gamble were worth $18,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in shares of Procter & Gamble during the 2nd quarter valued at about $25,000. Camarda Financial Advisors LLC lifted its holdings in shares of Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Lucia Wealth Services LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at about $29,000. Dougherty Wealth Advisers LLC lifted its holdings in shares of Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock valued at $48,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

NYSE:PG opened at $118.28 on Monday. The firm has a market capitalization of $291.88 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. Procter & Gamble Co has a twelve month low of $84.86 and a twelve month high of $125.36. The stock’s 50 day moving average price is $121.81 and its two-hundred day moving average price is $113.22. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. The business had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. As a group, analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s payout ratio is presently 65.93%.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 141,575 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.05, for a total value of $16,712,928.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the completion of the transaction, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders have sold a total of 451,354 shares of company stock worth $53,518,874 over the last three months. 1.75% of the stock is owned by insiders.

Several research firms have commented on PG. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Royal Bank of Canada restated a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, July 30th. UBS Group set a $122.00 target price on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, ValuEngine lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $109.44.

Procter & Gamble Company 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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