The McQueen Ball & Associates Inc. Boosts Stake in Procter & Gamble Co. (PG)

The McQueen Ball & Associates Inc. Boosts Stake in Procter & Gamble Co. (PG)

McQueen Ball & Associates Inc. raised its stake in shares of Procter & Gamble Co. (NYSE:PG) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,097 shares of the company’s stock after buying an additional 1 shares during the period. Procter & Gamble Co. makes up approximately 1.4% of McQueen Ball & Associates Inc.’s investment portfolio, making the stock its 20th largest position. McQueen Ball & Associates Inc.’s holdings in Procter & Gamble Co. were worth $1,956,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Americafirst Capital Management LLC purchased a new position in shares of Procter & Gamble Co. during the second quarter valued at approximately $112,000. Lenox Wealth Advisors Inc. boosted its position in shares of Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares during the period. Catamount Wealth Management boosted its position in shares of Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock valued at $194,000 after buying an additional 1,152 shares during the period. Wealthsource Partners LLC purchased a new position in shares of Procter & Gamble Co. during the first quarter valued at approximately $200,000. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Procter & Gamble Co. by 9.0% in the second quarter. Arcadia Investment Management Corp MI now owns 2,426 shares of the company’s stock valued at $205,000 after buying an additional 201 shares during the period. 58.86% of the stock is owned by institutional investors.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.03% during trading on Wednesday, reaching $88.57. The company’s stock had a trading volume of 17,118,011 shares. The company’s 50 day moving average price is $88.19 and its 200 day moving average price is $84.64. The firm has a market cap of $236.37 billion, a PE ratio of 23.98 and a beta of 0.54. Procter & Gamble Co. has a 12 month low of $73.50 and a 12 month high of $90.33.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be issued a $0.6695 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.68 annualized dividend and a yield of 3.02%. Procter & Gamble Co.’s payout ratio is currently 72.63%.

Several research analysts recently commented on PG shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $92.00 target price (up from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Stifel Nicolaus raised their target price on Procter & Gamble Co. from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. Jefferies Group reiterated a “buy” rating and set a $95.00 price objective on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. Vetr upgraded Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 price objective for the company in a research note on Wednesday, June 15th. Finally, JPMorgan Chase & Co. set a $99.00 price objective on Procter & Gamble Co. and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $90.20.

In other Procter & Gamble Co. news, insider Ciserani Giovanni sold 25,166 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $86.26, for a total value of $2,170,819.16. Following the transaction, the insider now owns 15,776 shares in the company, valued at $1,360,837.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jon R. Moeller sold 272,591 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total value of $23,426,470.54. Following the completion of the transaction, the chief financial officer now owns 164,269 shares in the company, valued at approximately $14,117,277.86. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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