Perigon Wealth Management LLC Has $2.39 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)

Perigon Wealth Management LLC grew its position in Procter & Gamble Co (NYSE:PG) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,017 shares of the company’s stock after purchasing an additional 767 shares during the period. Perigon Wealth Management LLC’s holdings in Procter & Gamble were worth $2,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. raised its holdings in shares of Procter & Gamble by 34.0% during the fourth quarter. Macquarie Group Ltd. now owns 449,595 shares of the company’s stock worth $56,155,000 after acquiring an additional 113,970 shares during the period. Global Trust Asset Management LLC increased its stake in Procter & Gamble by 7.6% in the 1st quarter. Global Trust Asset Management LLC now owns 7,476 shares of the company’s stock valued at $860,000 after buying an additional 526 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Procter & Gamble by 4.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,264 shares of the company’s stock valued at $248,000 after buying an additional 100 shares during the last quarter. Trinity Legacy Partners LLC increased its stake in Procter & Gamble by 7.3% in the 1st quarter. Trinity Legacy Partners LLC now owns 31,069 shares of the company’s stock valued at $3,554,000 after buying an additional 2,116 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Procter & Gamble by 5.2% in the 1st quarter. State of Alaska Department of Revenue now owns 472,888 shares of the company’s stock valued at $52,016,000 after buying an additional 23,190 shares during the last quarter. Institutional investors own 63.33% of the company’s stock.

Several equities research analysts have issued reports on the stock. 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 price objective on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 target price on shares of Procter & Gamble in a report on Tuesday, April 14th. Morgan Stanley lifted their target price on shares of Procter & Gamble from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $133.67.

In other Procter & Gamble news, CFO Jon R. Moeller sold 130,626 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $116.37, for a total transaction of $15,200,947.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 1,005,263 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $114.50, for a total transaction of $115,102,613.50. Following the transaction, the director now directly owns 3,891 shares in the company, valued at $445,519.50. The disclosure for this sale can be found here. Insiders sold 1,570,603 shares of company stock worth $179,504,390 over the last ninety days. 1.75% of the stock is currently owned by insiders.

PG opened at $131.12 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.66 and a current ratio of 0.85. The firm has a market cap of $324.61 billion, a P/E ratio of 26.44, a PEG ratio of 3.43 and a beta of 0.42. Procter & Gamble Co has a fifty-two week low of $94.34 and a fifty-two week high of $132.03. The firm has a 50-day moving average of $121.39 and a 200 day moving average of $119.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The company had revenue of $17.70 billion during the quarter, compared to analyst estimates of $16.97 billion. During the same period last year, the business earned $1.10 earnings per share. Procter & Gamble’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict that Procter & Gamble Co will post 5.39 earnings per share for the current fiscal year.

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

About Procter & Gamble

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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