Well Done LLC Buys 1,243 Shares of Procter & Gamble Co (NYSE:PG)

Well Done LLC grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,528 shares of the company’s stock after purchasing an additional 1,243 shares during the period. Well Done LLC’s holdings in Procter & Gamble were worth $1,374,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC grew its stake in Procter & Gamble by 1.6% in the 1st quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock worth $632,000 after buying an additional 96 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in Procter & Gamble by 4.8% during the second quarter. O Keefe Stevens Advisory Inc. now owns 2,200 shares of the company’s stock worth $241,000 after buying an additional 100 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Procter & Gamble by 0.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 25,041 shares of the company’s stock worth $2,746,000 after buying an additional 112 shares during the period. NewSquare Capital LLC boosted its stake in Procter & Gamble by 0.7% during the fourth quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock worth $1,516,000 after buying an additional 115 shares during the period. Finally, San Francisco Sentry Investment Group CA boosted its stake in Procter & Gamble by 1.0% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock worth $1,081,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 62.17% of the company’s stock.

Shares of PG traded down $0.29 during trading hours on Friday, reaching $116.44. 12,265,590 shares of the company traded hands, compared to its average volume of 7,368,813. The stock has a market capitalization of $296.08 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.45. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $121.76. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $113.31.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, equities analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s payout ratio is currently 65.93%.

Several research analysts have commented on PG shares. UBS Group set a $122.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, June 17th. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus set a $117.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $114.00 to $125.00 in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average price target of $108.15.

In related news, insider Mary Theresa Grabowski sold 5,200 shares of Procter & Gamble stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.10, for a total value of $619,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 71,500 shares of Procter & Gamble stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $104.62, for a total value of $7,480,330.00. The disclosure for this sale can be found here. Insiders sold 247,335 shares of company stock valued at $26,476,375 over the last 90 days. 1.84% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

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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