Pacific Sun Financial Corp decreased its holdings in Procter & Gamble Co (NYSE:PG) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,474 shares of the company’s stock after selling 100 shares during the period. Pacific Sun Financial Corp’s holdings in Procter & Gamble were worth $556,000 as of its most recent SEC filing.
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Other institutional investors and hedge funds have also modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $25,000. Camarda Financial Advisors LLC increased its position in Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Lucia Wealth Services LLC acquired a new stake in Procter & Gamble during the 3rd quarter valued at approximately $29,000. Selective Wealth Management Inc. acquired a new stake in Procter & Gamble during the 3rd quarter valued at approximately $35,000. Finally, Dougherty Wealth Advisers LLC increased its position in Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. Institutional investors own 65.62% of the company’s stock.
Shares of NYSE:PG traded up $0.08 during midday trading on Friday, reaching $119.70. The company’s stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The firm has a market capitalization of $296.51 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The firm has a 50 day moving average price of $121.95 and a two-hundred day moving average price of $115.01. Procter & Gamble Co has a fifty-two week low of $86.74 and a fifty-two week high of $125.77.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts anticipate that Procter & Gamble Co will post 4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
PG has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. SunTrust Banks increased their target price on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie increased their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Credit Suisse Group increased their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $116.71.
In related news, VP Valarie L. Sheppard sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total transaction of $207,134.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 26,075 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.96, for a total value of $3,258,332.00. Following the transaction, the insider now directly owns 139,066 shares in the company, valued at $17,377,687.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,645,966 shares of company stock worth $202,229,770. 1.75% of the stock is owned by company insiders.
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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