Pure Financial Advisors LLC Acquires 3,713 Shares of The Procter & Gamble Company (NYSE:PG)

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Pure Financial Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 111.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,035 shares of the company’s stock after acquiring an additional 3,713 shares during the period. Pure Financial Advisors LLC’s holdings in Procter & Gamble were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $1,527,000. Western Pacific Wealth Management LP acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $40,000. Delos Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $50,000. Level Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $51,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble during the 4th quarter valued at about $53,000. 63.64% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the transaction, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the transaction, the chief executive officer now owns 7,020 shares of the company’s stock, valued at $1,151,982. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock worth $17,777,055 in the last three months. Insiders own 0.51% of the company’s stock.

A number of research firms have issued reports on PG. Barclays cut their price target on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Credit Suisse Group lifted their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. Raymond James lifted their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $171.00 to $157.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $165.64.

NYSE:PG opened at $142.30 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $341.42 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40. The firm’s 50 day moving average is $149.35 and its 200 day moving average is $154.38. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $18.69 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that The Procter & Gamble Company will post 5.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, April 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.57%. Procter & Gamble’s payout ratio is presently 63.70%.

Procter & Gamble Company Profile (Get Rating)

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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