Benedict Financial Advisors Inc. Sells 1,046 Shares of Procter & Gamble Company (The) (PG)

Benedict Financial Advisors Inc. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,954 shares of the company’s stock after selling 1,046 shares during the period. Procter & Gamble Company (The) comprises 2.3% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 10th largest position. Benedict Financial Advisors Inc.’s holdings in Procter & Gamble Company (The) were worth $4,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Empirical Finance LLC bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth approximately $101,000. 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 in the last quarter. 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 in the last quarter. Feltz Wealth PLAN Inc. bought a new position in shares of Procter & Gamble Company (The) during the first quarter worth approximately $184,000. Finally, Intellectus Partners LLC acquired a new position in Procter & Gamble Company (The) during the fourth quarter valued at approximately $215,000. Institutional investors own 59.48% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.43% during midday trading on Friday, hitting $92.47. The stock had a trading volume of 6,815,008 shares. The stock has a market cap of $235.80 billion, a PE ratio of 16.53 and a beta of 0.68. The stock has a 50-day moving average of $89.57 and a 200 day moving average of $89.11. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.95.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period last year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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Several research firms recently commented on PG. UBS AG reiterated a “buy” rating and issued a $102.00 price target (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and an average target price of $87.48.

In related news, insider Patrice Louvet sold 49,226 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $86.46, for a total transaction of $4,256,079.96. Following the transaction, the insider now directly owns 93,656 shares of the company’s stock, valued at $8,097,497.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the transaction, the insider now directly owns 120,734 shares in the company, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders sold 127,032 shares of company stock worth $11,130,014 over the last ninety days. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

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

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