V Wealth Advisors LLC decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 25.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,779 shares of the company’s stock after selling 7,567 shares during the period. Procter & Gamble makes up approximately 0.7% of V Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. V Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,605,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. New England Investment & Retirement Group Inc. purchased a new position in shares of Procter & Gamble during the first quarter valued at about $28,000. Magellan Asset Management Ltd purchased a new position in shares of Procter & Gamble during the first quarter valued at about $29,000. Costello Asset Management INC purchased a new position in shares of Procter & Gamble during the second quarter valued at about $35,000. Efficient Wealth Management LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at about $39,000. Finally, Barnett & Company Inc. grew its position in shares of Procter & Gamble by 23.4% during the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 63.33% of the company’s stock.
PG has been the subject of a number of analyst reports. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a report on Monday, April 20th. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a report on Monday, July 27th. Deutsche Bank increased their price target on shares of Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a report on Tuesday, April 14th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Procter & Gamble has a consensus rating of “Buy” and a consensus target price of $133.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The firm had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Procter & Gamble Co will post 5.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be paid 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 dividend payout ratio is presently 61.72%.
In related news, Director Nelson Peltz sold 404,714 shares of Procter & Gamble stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the transaction, the director now directly owns 3,891 shares of the company’s stock, valued at $439,721.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred 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 1,570,603 shares of company stock valued at $179,504,390 in the last ninety days. Insiders own 1.75% of the company’s stock.
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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