Titus Wealth Management Has $789,000 Holdings in Procter & Gamble Co (PG)

Titus Wealth Management lessened its stake in Procter & Gamble Co (NYSE:PG) by 10.6% during the 3rd quarter, Holdings Channel reports. The firm owned 9,475 shares of the company’s stock after selling 1,120 shares during the quarter. Procter & Gamble accounts for 0.7% of Titus Wealth Management’s investment portfolio, making the stock its 28th biggest holding. Titus Wealth Management’s holdings in Procter & Gamble were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wagner Wealth Management LLC lifted its holdings in Procter & Gamble by 9.4% in the third quarter. Wagner Wealth Management LLC now owns 6,566 shares of the company’s stock valued at $546,000 after acquiring an additional 566 shares during the period. Citizens Financial Group Inc RI lifted its holdings in Procter & Gamble by 1.7% in the third quarter. Citizens Financial Group Inc RI now owns 34,929 shares of the company’s stock valued at $2,906,000 after acquiring an additional 587 shares during the period. First Midwest Bank Trust Division lifted its holdings in Procter & Gamble by 1.0% in the third quarter. First Midwest Bank Trust Division now owns 62,436 shares of the company’s stock valued at $5,196,000 after acquiring an additional 607 shares during the period. Ridgewood Investments LLC lifted its holdings in Procter & Gamble by 14.1% in the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock valued at $394,000 after acquiring an additional 623 shares during the period. Finally, ELM Advisors LLC lifted its holdings in Procter & Gamble by 9.3% in the third quarter. ELM Advisors LLC now owns 7,293 shares of the company’s stock valued at $607,000 after acquiring an additional 623 shares during the period. Institutional investors own 61.36% of the company’s stock.

In other Procter & Gamble news, CEO David S. Taylor sold 16,338 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $94.62, for a total value of $1,545,901.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,075 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $92.96, for a total value of $99,932.00. The disclosure for this sale can be found here. Insiders sold a total of 147,504 shares of company stock worth $14,048,460 in the last 90 days. 1.84% of the stock is currently owned by insiders.

PG has been the subject of several research analyst reports. Wells Fargo & Co upped their target price on Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating and set a $94.00 target price on shares of Procter & Gamble in a research note on Friday, January 25th. UBS Group set a $82.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, January 21st. Finally, Evercore ISI initiated coverage on Procter & Gamble in a research note on Thursday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $95.00.

Shares of PG stock opened at $99.26 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. The firm has a market capitalization of $246.33 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.14 and a beta of 0.38. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $99.34.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Sell-side analysts expect that Procter & Gamble Co will post 4.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, January 18th will be issued a $0.7172 dividend. The ex-dividend date is Thursday, January 17th. This represents a $2.87 dividend on an annualized basis and a yield of 2.89%. Procter & Gamble’s payout ratio is currently 68.01%.

TRADEMARK VIOLATION WARNING: “Titus Wealth Management Has $789,000 Holdings in Procter & Gamble Co (PG)” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2019/02/13/titus-wealth-management-has-789000-holdings-in-procter-gamble-co-pg.html.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Why is the ROA ratio important?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit