The Procter & Gamble Company (NYSE:PG) Holdings Boosted by Brookmont Capital Management

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Brookmont Capital Management raised its position in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,182 shares of the company’s stock after acquiring an additional 449 shares during the period. The Procter & Gamble makes up approximately 2.4% of Brookmont Capital Management’s holdings, making the stock its 6th biggest holding. Brookmont Capital Management’s holdings in The Procter & Gamble were worth $3,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Costello Asset Management INC bought a new stake in The Procter & Gamble during the second quarter valued at $35,000. FAI Wealth Management boosted its holdings in shares of The Procter & Gamble by 203.0% during the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Estate Counselors LLC acquired a new position in shares of The Procter & Gamble during the second quarter valued at $47,000. Barnett & Company Inc. boosted its holdings in shares of The Procter & Gamble by 23.4% during the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after acquiring an additional 86 shares during the period. Finally, Lountzis Asset Management LLC acquired a new position in shares of The Procter & Gamble during the second quarter valued at $58,000. Institutional investors own 62.81% of the company’s stock.

PG has been the subject of several analyst reports. Berenberg Bank upped their price objective on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Barclays reaffirmed a “buy” rating on shares of The Procter & Gamble in a report on Sunday, August 2nd. Jefferies Financial Group upped their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Finally, SunTrust Banks upped their price objective on shares of The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The Procter & Gamble presently has a consensus rating of “Buy” and an average target price of $137.87.

NYSE PG traded up $0.56 on Friday, hitting $144.39. 6,807,859 shares of the company were exchanged, compared to its average volume of 8,382,961. The company’s 50 day moving average price is $138.93 and its 200-day moving average price is $125.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The firm has a market capitalization of $359.48 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.87.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a $0.7907 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The Procter & Gamble’s dividend payout ratio is 61.72%.

In other The Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 273,429 shares of the company’s stock, valued at $35,605,924.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 14,800 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the sale, the vice president now directly owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last three months, insiders sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is currently owned by company insiders.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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