InTrack Investment Management Inc Acquires 115 Shares of The Procter & Gamble Company (NYSE:PG)
InTrack Investment Management Inc grew its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.0% in the 1st quarter, Holdings Channel reports. The fund owned 5,923 shares of the company’s stock after purchasing an additional 115 shares during the quarter. InTrack Investment Management Inc’s holdings in Procter & Gamble were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have 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 stock is owned by institutional investors.
In other news, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the transaction, the chairman now owns 253,933 shares in the company, valued at approximately $41,347,910.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,415 shares of company stock worth $17,777,055. Company insiders own 0.51% of the company’s stock.
Shares of PG stock 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-to-equity ratio of 0.53. The firm has a market cap of $346.34 billion, a price-to-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 Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $19.38 billion during the quarter, compared to 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 was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $3.65 dividend 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 recently commented on PG. JPMorgan Chase & Co. cut Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $181.00 to $165.00 in a research report on Wednesday, March 30th. Raymond James lifted their price objective on Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Wells Fargo & Company cut their price objective on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. The Goldman Sachs Group cut their price objective on Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $171.00 to $157.00 in a report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.64.
Procter & Gamble Company Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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