GW Henssler & Associates Ltd. Acquires 620 Shares of Procter & Gamble Company (The) (NYSE:PG)

GW Henssler & Associates Ltd. raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 145,191 shares of the company’s stock after buying an additional 620 shares during the period. Procter & Gamble Company (The) makes up about 1.4% of GW Henssler & Associates Ltd.’s holdings, making the stock its 21st largest position. GW Henssler & Associates Ltd.’s holdings in Procter & Gamble Company (The) were worth $13,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth $8,515,000. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the period. Empirical Finance LLC acquired a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth $101,000. Edge Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in shares of Procter & Gamble Company (The) during the first quarter worth $184,000. 59.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Procter & Gamble Company (PG) opened at 87.55 on Tuesday. The company has a market cap of $223.92 billion, a price-to-earnings ratio of 16.10 and a beta of 0.68. The company has a 50 day moving average of $87.86 and a 200-day moving average of $88.03. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. The company had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the prior year, the business earned $0.86 earnings per share. Procter & Gamble Company (The)’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be given a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.15%. Procter & Gamble Company (The)’s dividend payout ratio is 50.55%.

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A number of research analysts have weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $102.00 price target (down from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Company (The) in a research report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Finally, Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $87.04.

In related news, insider Steven D. Bishop sold 2,668 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the transaction, the insider now directly owns 43,608 shares in the company, valued at $3,808,722.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrice Louvet sold 62,350 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total value of $5,378,934.50. The disclosure for this sale can be found here. Insiders sold 199,891 shares of company stock valued at $17,276,637 over the last three months. 0.35% of the stock is owned by company insiders.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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