Heritage Wealth Management Inc. bought a new position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,147 shares of the company’s stock, valued at approximately $19,519,000. Procter & Gamble makes up 6.5% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its biggest holding.
Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the second quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. Finally, POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. 65.77% of the stock is owned by institutional investors.
Insider Activity at Procter & Gamble
In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Procter & Gamble
Procter & Gamble Price Performance
Shares of PG opened at $173.07 on Wednesday. The stock has a market cap of $408.47 billion, a PE ratio of 28.28, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $171.01 and a two-hundred day simple moving average of $166.36.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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