Radnor Capital Management LLC trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 42.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,087 shares of the company’s stock after selling 23,860 shares during the quarter. Procter & Gamble accounts for 0.9% of Radnor Capital Management LLC’s holdings, making the stock its 19th largest holding. Radnor Capital Management LLC’s holdings in Procter & Gamble were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hutner Capital Management Inc. lifted its holdings in Procter & Gamble by 0.9% during the 2nd quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock worth $5,942,000 after buying an additional 645 shares during the last quarter. Weatherstone Capital Management lifted its holdings in Procter & Gamble by 13.2% during the 4th quarter. Weatherstone Capital Management now owns 5,582 shares of the company’s stock worth $513,000 after buying an additional 651 shares during the last quarter. Wilkins Investment Counsel Inc. lifted its holdings in Procter & Gamble by 0.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 117,454 shares of the company’s stock worth $9,312,000 after buying an additional 735 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in Procter & Gamble by 8.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 9,760 shares of the company’s stock worth $774,000 after buying an additional 735 shares during the last quarter. Finally, Fulcrum Capital LLC lifted its holdings in Procter & Gamble by 2.3% during the 1st quarter. Fulcrum Capital LLC now owns 33,919 shares of the company’s stock worth $2,689,000 after buying an additional 749 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble stock opened at $82.70 on Wednesday. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $94.67. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $209.12 billion, a PE ratio of 19.66, a PEG ratio of 2.67 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.52 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. equities research analysts expect that Procter & Gamble Co will post 4.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Friday, July 20th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, July 19th. Procter & Gamble’s payout ratio is currently 68.01%.
A number of brokerages have issued reports on PG. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Wells Fargo & Co reaffirmed a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. Citigroup decreased their price target on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a report on Friday, July 20th. UBS Group downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Wednesday, July 18th. Finally, SunTrust Banks lifted their price target on Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Hold” and an average price target of $84.79.
In other Procter & Gamble news, insider Kathleen B. Fish sold 599 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total transaction of $50,004.52. Following the completion of the sale, the insider now directly owns 38,655 shares of the company’s stock, valued at approximately $3,226,919.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Deborah P. Majoras sold 11,097 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $83.53, for a total value of $926,932.41. Following the sale, the insider now directly owns 46,096 shares of the company’s stock, valued at $3,850,398.88. The disclosure for this sale can be found here. Insiders sold a total of 154,178 shares of company stock valued at $12,562,219 over the last three months. Company insiders own 1.84% 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.
See Also: Price to Earnings Ratio (PE)
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