InTrack Investment Management Inc acquires 115 shares of The Procter & Gamble Company (NYSE:PG)
InTrack Investment Management Inc. increased its position in The Procter & Gamble Company (NYSE:PG – Get a rating) by 2.0% in the 1st quarter, Participation channel reports. The fund held 5,923 shares of the company after buying an additional 115 shares during the quarter. InTrack Investment Management Inc’s holdings in Procter & Gamble were worth $905,000 when it last filed with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in Procter & Gamble in the fourth quarter worth $40,000. Delos Wealth Advisors LLC bought a new position in Procter & Gamble in the fourth quarter worth $50,000. Level Financial Advisors Inc. bought a new position in Procter & Gamble in the fourth quarter worth $51,000. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the fourth quarter worth $53,000. Finally, James Reed Financial Services Inc. bought a new position in Procter & Gamble in the fourth quarter worth $53,000. 63.64% of the shares are held by institutional investors.
In other news, the President David S. Taylor sold 30,000 shares of Procter & Gamble in a trade dated Monday, April 25. The stock was sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the transaction, the president now owns 253,933 shares of the company, valued at approximately $41,347,910.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble in a trade dated Tuesday, April 26. The shares were sold at an average price of $162.43, for a total value of $54,251.62. As a result of the transaction, the accounting chief now owns 1,220 shares of the company, valued at approximately $198,164.60. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 108,415 shares of the company worth $17,777,055. Insiders of the company hold 0.51% of the shares of the company.
Shares of Action PG opened at $144.35 on Friday. The stock has a 50-day moving average price of $149.07 and a 200-day moving average price of $154.34. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt ratio of 0.53. The company has a market capitalization of $346.34 billion, a price/earnings ratio of 25.19, a PEG ratio of 4.03 and a beta of 0.40. The Procter & Gamble company has a 12 month low of $129.50 and a 12 month high of $165.35.
Procter & Gamble (NYSE:PG – Get a rating) last reported quarterly earnings data on Wednesday, April 20. The company reported EPS of $1.33 for the quarter, beating analyst consensus estimates of $1.28 by $0.05. The company posted revenue of $19.38 billion in the quarter, versus analyst estimates of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company’s revenue increased 7.0% year over year. During the same period last year, the company earned earnings per share of $1.26. Sell-side analysts expect The Procter & Gamble Company to post earnings per share of 5.84 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16. Shareholders of record on Friday, April 22 received a dividend of $0.9133 per share. The ex-dividend date was Thursday, April 21. This represents a dividend of $3.65 on an annualized basis and a yield of 2.53%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
Several brokerages have recently commented on PG. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced its target price for the stock from $181.00 to $165.00 in a research report from the Wednesday March 30. Raymond James raised its price target on Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a Thursday, April 21 report. Wells Fargo & Company cut its price target on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a Wednesday, June 1 report. Goldman Sachs Group cut its price target on Procter & Gamble from $179.00 to $173.00 in a Tuesday, March 29 report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Procter & Gamble from $171.00 to $157.00 in a Tuesday, June 21 report. Five analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.64.
Procter & Gamble Company Profile (Get a rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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