Sound Income Strategies LLC decreased its stake in shares of Procter & Gamble Co (NYSE:PG) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,826 shares of the company’s stock after selling 1,043 shares during the quarter. Procter & Gamble comprises approximately 0.7% of Sound Income Strategies LLC’s investment portfolio, making the stock its 16th largest holding. Sound Income Strategies LLC’s holdings in Procter & Gamble were worth $1,439,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in PG. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in shares of Procter & Gamble by 17.1% in the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock worth $7,087,000 after purchasing an additional 12,410 shares in the last quarter. Chemical Bank lifted its holdings in shares of Procter & Gamble by 2.0% in the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock worth $8,966,000 after purchasing an additional 2,141 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of Procter & Gamble by 7.4% in the 3rd quarter. Peoples Financial Services CORP. now owns 69,301 shares of the company’s stock worth $5,767,000 after purchasing an additional 4,775 shares in the last quarter. Truepoint Inc. lifted its holdings in shares of Procter & Gamble by 1,148.6% in the 2nd quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock worth $23,407,000 after purchasing an additional 275,846 shares in the last quarter. Finally, Telemus Capital LLC lifted its holdings in shares of Procter & Gamble by 6.2% in the 3rd quarter. Telemus Capital LLC now owns 28,618 shares of the company’s stock worth $2,382,000 after purchasing an additional 1,676 shares in the last quarter. 61.61% of the stock is owned by institutional investors.
In related news, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the sale, the chairman now owns 223,849 shares of the company’s stock, valued at approximately $22,181,197.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. In the last three months, insiders sold 2,270,496 shares of company stock valued at $224,931,027. 1.84% of the stock is currently owned by insiders.
Shares of NYSE PG traded up $0.67 during mid-day trading on Monday, reaching $105.73. 5,227,460 shares of the company’s stock were exchanged, compared to its average volume of 8,972,221. The stock has a market capitalization of $264.08 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.39 and a beta of 0.38. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $105.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61.
Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.04. The company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Research analysts expect that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.82%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.
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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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