Transcend Wealth Collective LLC Raises Stake in Procter & Gamble Co (NYSE:PG)

Transcend Wealth Collective LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,397 shares of the company’s stock after purchasing an additional 1,977 shares during the quarter. Procter & Gamble accounts for about 1.3% of Transcend Wealth Collective LLC’s investment portfolio, making the stock its 16th largest position. Transcend Wealth Collective LLC’s holdings in Procter & Gamble were worth $3,993,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PG. Cadinha & Co. LLC lifted its holdings in shares of Procter & Gamble by 1.4% in the second quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock worth $670,000 after buying an additional 80 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Procter & Gamble by 0.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,728 shares of the company’s stock worth $2,000,000 after buying an additional 80 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Procter & Gamble by 1.2% in the second quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock worth $814,000 after buying an additional 81 shares in the last quarter. Allred Capital Management LLC raised its stake in Procter & Gamble by 0.5% during the first quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock valued at $1,755,000 after purchasing an additional 83 shares in the last quarter. Finally, Jolley Asset Management LLC raised its stake in Procter & Gamble by 4.2% during the first quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock valued at $232,000 after purchasing an additional 85 shares in the last quarter. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PG traded down $0.87 during mid-day trading on Wednesday, reaching $133.23. The company had a trading volume of 5,330,000 shares, compared to its average volume of 9,131,740. The business’s 50-day moving average is $124.44 and its 200-day moving average is $119.51. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The stock has a market cap of $331.22 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 3.34 and a beta of 0.46. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $135.97.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. The firm had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, equities research analysts forecast that Procter & Gamble Co will post 5.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, July 23rd. Procter & Gamble’s payout ratio is presently 61.72%.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 39,381 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $134.33, for a total transaction of $5,290,049.73. Following the transaction, the chief executive officer now directly owns 134,140 shares in the company, valued at approximately $18,019,026.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.22, for a total transaction of $3,906,600.00. Following the transaction, the chief executive officer now owns 273,429 shares in the company, valued at $35,605,924.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 670,952 shares of company stock worth $78,308,456. Company insiders own 1.75% of the company’s stock.

A number of equities research analysts recently issued reports on PG shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 14th. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Bank of America reaffirmed a “buy” rating and set a $135.00 price target on shares of Procter & Gamble in a research note on Saturday, April 18th. Deutsche Bank upped their price target on shares of Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $133.67.

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

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