Secrest Blakey & Associates LLC Purchases 1,457 Shares of Procter & Gamble Co (PG)

Share on StockTwits

Secrest Blakey & Associates LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,511 shares of the company’s stock after acquiring an additional 1,457 shares during the period. Procter & Gamble comprises approximately 1.1% of Secrest Blakey & Associates LLC’s portfolio, making the stock its 26th biggest holding. Secrest Blakey & Associates LLC’s holdings in Procter & Gamble were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. IHT Wealth Management LLC grew its position in shares of Procter & Gamble by 6.1% in the first quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock valued at $1,314,000 after purchasing an additional 981 shares during the last quarter. Garland Capital Management Inc. grew its position in shares of Procter & Gamble by 1.3% in the second quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock valued at $4,495,000 after purchasing an additional 730 shares during the last quarter. Park National Corp OH grew its position in shares of Procter & Gamble by 4.1% in the second quarter. Park National Corp OH now owns 434,144 shares of the company’s stock valued at $33,889,000 after purchasing an additional 16,931 shares during the last quarter. TNB Financial grew its position in shares of Procter & Gamble by 4.6% in the second quarter. TNB Financial now owns 138,374 shares of the company’s stock valued at $10,802,000 after purchasing an additional 6,038 shares during the last quarter. Finally, Heritage Investors Management Corp grew its position in shares of Procter & Gamble by 6.1% in the second quarter. Heritage Investors Management Corp now owns 163,714 shares of the company’s stock valued at $12,780,000 after purchasing an additional 9,430 shares during the last quarter. 58.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Co raised their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $82.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, October 17th. SunTrust Banks raised their price target on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Jefferies Financial Group downgraded Procter & Gamble to a “hold” rating and set a $79.00 price target on the stock. in a research report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Procter & Gamble in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.66.

PG stock opened at $88.24 on Tuesday. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.14. The stock has a market cap of $221.50 billion, a P/E ratio of 20.67, a PEG ratio of 2.88 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period last year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In other Procter & Gamble news, insider Kathleen B. Fish sold 10,342 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the completion of the transaction, the insider now owns 16,382 shares in the company, valued at $1,362,982.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $81.35, for a total transaction of $233,718.55. Following the transaction, the insider now owns 113,638 shares of the company’s stock, valued at approximately $9,244,451.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is owned by company insiders.

Procter & Gamble Company 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.

See Also: How Do You Calculate Return on Equity (ROE)?

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply