Williams Jones Wealth Management LLC. Has $5.61 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Williams Jones Wealth Management LLC. grew its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 39.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,736 shares of the company’s stock after purchasing an additional 10,471 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Procter & Gamble were worth $5,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PrairieView Partners LLC increased its position in shares of Procter & Gamble by 5.8% during the first quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after purchasing an additional 63 shares in the last quarter. Apeiron RIA LLC increased its position in shares of Procter & Gamble by 2.2% during the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock worth $475,000 after purchasing an additional 64 shares in the last quarter. Ambassador Advisors LLC increased its position in shares of Procter & Gamble by 2.2% during the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after purchasing an additional 65 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock valued at $900,000 after acquiring an additional 65 shares during the period. Finally, Tranquility Partners LLC increased its position in shares of Procter & Gamble by 3.9% in the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock valued at $268,000 after acquiring an additional 66 shares during the period. 63.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Susan Street Whaley sold 907 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Susan Street Whaley sold 907 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the transaction, the insider now directly owns 6,253 shares in the company, valued at approximately $933,760.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 987 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $147,388.71. Following the completion of the sale, the chief financial officer now directly owns 27,330 shares of the company’s stock, valued at approximately $4,081,188.90. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock worth $42,559,426 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Evercore ISI set a $170.00 target price on Procter & Gamble in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. UBS Group dropped their price objective on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company lowered their target price on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Up 1.5 %

Shares of PG opened at $139.96 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The stock’s 50 day moving average is $143.95 and its two-hundred day moving average is $148.18. The firm has a market cap of $333.87 billion, a P/E ratio of 24.09, a PEG ratio of 3.81 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.61%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Procter & Gamble Company Profile

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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