2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. increased its stake in The Procter & Gamble Company ( NYSE:PG – Free Report ) by 39.
9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,596 shares of the company’s stock after purchasing an additional 65,207 shares during the period. Procter & Gamble makes up approximately 1.
0% of B. Riley Wealth Advisors Inc.’s portfolio, making the stock its 10th biggest holding.
B. Riley Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $37,700,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Itau Unibanco Holding S.A.
purchased a new stake in shares of Procter & Gamble during the second quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble during the second quarter valued at $29,000. Ruedi Wealth Management Inc.
increased its holdings in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc.
now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the second quarter valued at $34,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000.
65.77% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the company.
StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd.
Royal Bank of Canada boosted their target price on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st.
BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock.
Finally, JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $179.00 to $186.
00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.
89. Procter & Gamble Stock Performance NYSE PG opened at $173.55 on Monday.
The stock’s fifty day moving average is $170.79 and its two-hundred day moving average is $166.20.
The firm has a market capitalization of $409.60 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 3.
76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.
51, a quick ratio of 0.53 and a current ratio of 0.73.
The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.
Procter & Gamble ( NYSE:PG – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.
37 by $0.03. Procter & Gamble had a return on equity of 33.
46% and a net margin of 17.71%. The company had revenue of $20.
53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the business earned $1.
37 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis.
On average, research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year. Procter & Gamble Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th.
Shareholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.
03 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th.
Procter & Gamble’s dividend payout ratio is currently 65.85%. Insider Buying and Selling at Procter & Gamble In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th.
The shares were sold at an average price of $169.22, for a total transaction of $76,149.00.
Following the completion of the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
In other news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.
89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.
93. The sale was disclosed in a document filed with the SEC, which is available at this link . Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th.
The shares were sold at an average price of $169.22, for a total transaction of $76,149.00.
Following the completion of the transaction, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The disclosure for this sale can be found here .
Insiders have sold 375,553 shares of company stock valued at $63,829,141 in the last quarter. Corporate insiders own 0.17% of the company’s stock.
About Procter & Gamble ( Free Report ) The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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