Trading Report: The Opus Capital Group LLC decides to keep it stake in Procter & Gamble Co. (PG) to the level of $13,525,000

The Opus Capital Group LLC decides to keep it stake in Procter & Gamble Co. (PG) to the level of $13,525,000

Opus Capital Group LLC reduced its position in Procter & Gamble Co. (NYSE:PG) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 159,740 shares of the company’s stock after selling 4,615 shares during the period. Procter & Gamble Co. accounts for about 3.0% of Opus Capital Group LLC’s investment portfolio, making the stock its 2nd largest position. Opus Capital Group LLC’s holdings in Procter & Gamble Co. were worth $13,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. Americafirst Capital Management LLC acquired a new position in Procter & Gamble Co. during the second quarter worth about $112,000. Lenox Wealth Advisors Inc. boosted its stake in 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. Cypress Capital Management LLC WY purchased a new stake in Procter & Gamble Co. during the second quarter valued at $157,000. Catamount Wealth Management boosted its stake in 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. Finally, Wealthsource Partners LLC purchased a new stake in Procter & Gamble Co. during the first quarter valued at $200,000. Institutional investors own 58.99% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.30% on Friday, reaching $86.84. The company’s stock had a trading volume of 7,021,059 shares. The stock has a 50-day moving average of $87.77 and a 200 day moving average of $84.96. Procter & Gamble Co. has a 52-week low of $73.95 and a 52-week high of $90.33. The company has a market cap of $232.38 billion, a price-to-earnings ratio of 23.16 and a beta of 0.54.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The company earned $16.50 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, equities research analysts forecast that Procter & Gamble Co. will post $3.90 earnings per share for the current year.

The company also recently announced 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is presently 71.66%.

Several analysts have recently weighed in on PG shares. Citigroup Inc. boosted their price target on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Deutsche Bank AG boosted their price target on Procter & Gamble Co. from $92.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $99.00 price target on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Stifel Nicolaus set a $93.00 price target on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Jefferies Group restated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Procter & Gamble Co. has an average rating of “Buy” and a consensus price target of $91.05.

In other news, 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 value of $313,339.50. Following the completion of the transaction, the insider now owns 19,953 shares in the company, valued at approximately $1,785,793.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ciserani Giovanni sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $88.00, for a total value of $1,760,000.00. Following the completion of the transaction, the insider now owns 65,053 shares of the company’s stock, valued at approximately $5,724,664. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

About Procter & Gamble Co.

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