Headinvest LLC Purchases 80,996 Shares of Procter & Gamble Company (The) (NYSE:PG)

Headinvest LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 125.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,496 shares of the company’s stock after buying an additional 80,996 shares during the period. Procter & Gamble Company (The) comprises approximately 4.4% of Headinvest LLC’s holdings, making the stock its 3rd largest position. Headinvest LLC’s holdings in Procter & Gamble Company (The) were worth $13,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth approximately $8,515,000. Asset Planning Services Ltd. raised its stake in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares in the last quarter. Empirical Finance LLC purchased a new stake in Procter & Gamble Company (The) during the fourth quarter valued at about $101,000. Edge Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter valued at about $184,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) opened at 91.58 on Wednesday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00. The firm has a 50-day moving average price of $88.75 and a 200 day moving average price of $88.72. The company has a market cap of $233.83 billion, a P/E ratio of 16.37 and a beta of 0.68. Procter & Gamble Company (The) also was the target of some unusual options trading on Monday. Traders acquired 35,861 call options on the stock. This represents an increase of approximately 509% compared to the average volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.52% and a net margin of 23.56%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. Equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.01%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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Several brokerages have recently weighed in on PG. UBS AG reissued a “buy” rating and issued a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. Stifel Nicolaus restated a “hold” rating and issued a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.21.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total value of $5,378,934.50. The disclosure for this sale can be found here. Insiders sold 203,898 shares of company stock worth $17,666,387 in the last 90 days. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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