Trading Report: The Evermay Wealth Management LLC cuts position of Procter & Gamble Co. (PG)

The Evermay Wealth Management LLC cuts position of Procter & Gamble Co. (PG)

Evermay Wealth Management LLC cut its stake in shares of Procter & Gamble Co. (NYSE:PG) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 3,557 shares of the company’s stock after selling 20 shares during the period. Evermay Wealth Management LLC’s holdings in Procter & Gamble Co. were worth $301,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in shares of Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares during the period. Ngam Advisors L.P. raised its stake in shares of Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Procter & Gamble Co. by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares in the last quarter. First Financial Bank N.A. Trust Division raised its stake in shares of Procter & Gamble Co. by 3.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 343,217 shares of the company’s stock worth $29,060,000 after buying an additional 11,650 shares in the last quarter. Finally, Marathon Asset Management LLP raised its stake in shares of Procter & Gamble Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 2,051,718 shares of the company’s stock worth $173,719,000 after buying an additional 38,942 shares in the last quarter. Institutional investors and hedge funds own 58.86% of the company’s stock.

Procter & Gamble Co. (NYSE:PG) traded up 0.59% during mid-day trading on Friday, reaching $88.76. 1,935,467 shares of the company were exchanged. The stock has a market capitalization of $236.88 billion, a price-to-earnings ratio of 24.03 and a beta of 0.54. Procter & Gamble Co. has a one year low of $73.50 and a one year high of $90.33. The stock has a 50 day moving average of $88.25 and a 200-day moving average of $84.69.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st will be paid a $0.6695 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.03%. Procter & Gamble Co.’s dividend payout ratio is presently 72.63%.

PG has been the topic of several recent analyst reports. Vetr upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday. Argus upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.54 to $103.00 in a report on Wednesday. Johnson Rice upgraded shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. B. Riley upgraded shares of Procter & Gamble Co. to a “buy” rating and set a $105.00 target price on the stock in a report on Saturday, August 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $95.00 target price on shares of Procter & Gamble Co. in a report on Saturday, August 13th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $90.21.

In related news, insider Charles E. Pierce sold 55,127 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $86.07, for a total value of $4,744,780.89. Following the transaction, the insider now owns 60,632 shares of the company’s stock, valued at $5,218,596.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total transaction of $313,339.50. Following the completion of the transaction, the insider now directly owns 19,953 shares in the company, valued at approximately $1,785,793.50. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

About Procter & Gamble Co.

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.

Related posts

Leave a Comment