Opus Investment Management Inc. held its position in shares of Procter & Gamble Co. (NYSE:PG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,900 shares of the company’s stock at the end of the second quarter. Opus Investment Management Inc.’s holdings in Procter & Gamble Co. were worth $5,326,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Americafirst Capital Management LLC bought a new position in shares of Procter & Gamble Co. during the second quarter worth $112,000. Lenox Wealth Advisors Inc. increased its position in Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in Procter & Gamble Co. during the second quarter valued at $157,000. Catamount Wealth Management increased its position in Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock valued at $194,000 after buying an additional 1,152 shares during the last quarter. Finally, Wealthsource Partners LLC acquired a new position in Procter & Gamble Co. during the first quarter valued at $200,000. Institutional investors own 58.99% of the company’s stock.
Procter & Gamble Co. (NYSE:PG) traded down 0.1697% during midday trading on Monday, hitting $88.2799. 2,425,218 shares of the stock traded hands. Procter & Gamble Co. has a 52-week low of $73.50 and a 52-week high of $90.33. The stock has a 50-day moving average of $88.27 and a 200 day moving average of $84.73. The firm has a market cap of $235.60 billion, a PE ratio of 23.8982 and a beta of 0.54.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts forecast that Procter & Gamble Co. will post $0.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be given a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is presently 72.63%.
PG has been the topic of several recent research reports. Vetr upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday, October 12th. Johnson Rice upgraded shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Jefferies Group reiterated a “buy” rating and issued a $95.00 price target on shares of Procter & Gamble Co. in a research report on Thursday, June 23rd. Zacks Investment Research downgraded shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.21.
In other news, insider Deborah P. Majoras sold 55,310 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $86.09, for a total transaction of $4,761,637.90. Following the completion of the sale, the insider now owns 98,787 shares of the company’s stock, valued at $8,504,572.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Valarie L. Sheppard sold 32,532 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $86.90, for a total transaction of $2,827,030.80. Following the sale, the senior vice president now directly owns 28,397 shares of the company’s stock, valued at approximately $2,467,699.30. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Procter & Gamble Co. Company Profile
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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