Weil Company Inc. Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Weil Company Inc. boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,225 shares of the company’s stock after buying an additional 225 shares during the period. Weil Company Inc.’s holdings in The Procter & Gamble were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Emerson Wealth Management LLC bought a new stake in shares of The Procter & Gamble during the 1st quarter worth $26,000. Greenhouse Wealth Management LLC bought a new stake in shares of The Procter & Gamble during the 4th quarter worth $31,000. Luken Investment Analytics LLC bought a new stake in shares of The Procter & Gamble during the 4th quarter worth $34,000. Grant Street Asset Management Inc. bought a new stake in shares of The Procter & Gamble during the 4th quarter worth $43,000. Finally, Goodwin Investment Advisory bought a new stake in shares of The Procter & Gamble during the 1st quarter worth $43,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

PG has been the subject of a number of research analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating and set a $150.00 price objective (down from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. JPMorgan Chase & Co. lowered their price target on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, April 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, April 21st. Morgan Stanley lowered their price target on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, April 19th. Finally, Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $148.93.

In other news, CEO Ma. Fatima Francisco sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $135.00, for a total value of $405,000.00. Following the transaction, the chief executive officer now owns 308,563 shares in the company, valued at $41,656,005. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deborah P. Majoras sold 12,872 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $135.47, for a total transaction of $1,743,769.84. In the last 90 days, insiders sold 2,219,280 shares of company stock worth $299,094,832. Corporate insiders own 0.70% of the company’s stock.

Shares of NYSE PG traded up $1.31 during midday trading on Thursday, hitting $136.10. 300,996 shares of the company traded hands, compared to its average volume of 8,578,720. The Procter & Gamble Company has a 12-month low of $113.76 and a 12-month high of $146.92. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $135.66. The company has a market capitalization of $333.20 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.50 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.97% and a return on equity of 31.71%. The company had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. The Procter & Gamble’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 5.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Friday, April 23rd were issued a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, April 22nd. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio is 67.97%.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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