Mattern Wealth Management LLC Has $2.45 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)

Mattern Wealth Management LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,518 shares of the company’s stock after buying an additional 647 shares during the quarter. Procter & Gamble accounts for 1.2% of Mattern Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Mattern Wealth Management LLC’s holdings in Procter & Gamble were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Fundamentun LLC boosted its holdings in Procter & Gamble by 43.7% during the first quarter. Fundamentun LLC now owns 17,919 shares of the company’s stock valued at $1,971,000 after purchasing an additional 5,450 shares in the last quarter. Motco boosted its holdings in Procter & Gamble by 6.4% during the first quarter. Motco now owns 3,843 shares of the company’s stock valued at $422,000 after purchasing an additional 230 shares in the last quarter. First Command Bank boosted its holdings in Procter & Gamble by 41.0% during the second quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 6,970 shares in the last quarter. Ziegler Capital Management LLC bought a new position in shares of Procter & Gamble in the first quarter valued at approximately $6,181,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Procter & Gamble by 3.2% in the second quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after acquiring an additional 162 shares during the last quarter. 63.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Nelson Peltz sold 1,005,263 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $114.50, for a total value of $115,102,613.50. Following the completion of the transaction, the director now owns 3,891 shares of the company’s stock, valued at approximately $445,519.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $115.47, for a total transaction of $3,464,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,570,603 shares of company stock valued at $179,504,390 in the last quarter. Corporate insiders own 1.75% of the company’s stock.

A number of research firms have recently issued reports on PG. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Citigroup lifted their target price on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Royal Bank of Canada reiterated a “hold” rating and issued a $120.00 target price on shares of Procter & Gamble in a research note on Tuesday, April 14th. Finally, SunTrust Banks lifted their target price on shares of Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Procter & Gamble presently has an average rating of “Buy” and a consensus target price of $133.67.

Shares of Procter & Gamble stock opened at $131.12 on Friday. The firm has a fifty day moving average of $121.39 and a two-hundred day moving average of $119.14. The stock has a market capitalization of $325.35 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.44 and a beta of 0.42. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $132.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.66 and a current ratio of 0.85.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The company had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, research analysts forecast that Procter & Gamble Co will post 5.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, July 23rd. Procter & Gamble’s payout ratio is 61.72%.

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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