Procter & Gamble Company (The) (PG) Shares Bought by Jacobus Wealth Management Inc.

Procter & Gamble Company (The) (PG) Shares Bought by Jacobus Wealth Management Inc.

Jacobus Wealth Management Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,575 shares of the company’s stock after buying an additional 263 shares during the period. Jacobus Wealth Management Inc.’s holdings in Procter & Gamble Company (The) were worth $321,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PG. Financial Architects Inc increased its position in shares of Procter & Gamble Company (The) by 39.8% in the second quarter. Financial Architects Inc now owns 7,109 shares of the company’s stock worth $602,000 after buying an additional 2,025 shares during the period. RidgeWorth Capital Management LLC increased its position in shares of Procter & Gamble Company (The) by 20.5% in the second quarter. RidgeWorth Capital Management LLC now owns 1,488,391 shares of the company’s stock worth $126,186,000 after buying an additional 252,832 shares during the period. Acadian Asset Management LLC increased its position in shares of Procter & Gamble Company (The) by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares during the period. Diversified Trust Co increased its position in shares of Procter & Gamble Company (The) by 0.5% in the third quarter. Diversified Trust Co now owns 20,866 shares of the company’s stock worth $1,873,000 after buying an additional 109 shares during the period. Finally, Private Asset Management Inc. increased its position in shares of Procter & Gamble Company (The) by 2.6% in the third quarter. Private Asset Management Inc. now owns 79,440 shares of the company’s stock worth $7,130,000 after buying an additional 2,039 shares during the period. 68.59% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (NYSE:PG) opened at 87.41 on Friday. The firm has a 50 day moving average of $85.38 and a 200-day moving average of $86.04. Procter & Gamble Company has a 12 month low of $79.10 and a 12 month high of $90.33. The firm has a market cap of $223.46 billion, a P/E ratio of 16.02 and a beta of 0.64.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Friday, January 20th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. The firm had revenue of $16.90 billion for the quarter. Procter & Gamble Company (The) had a net margin of 23.44% and a return on equity of 18.58%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. On average, equities research analysts forecast that Procter & Gamble Company will post $3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Friday, January 20th will be given a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, January 18th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 48.73%.

A number of equities analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $106.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, November 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $98.00 price target on shares of Procter & Gamble Company (The) in a report on Wednesday, October 26th. raised shares of Procter & Gamble Company (The) from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $95.00 in a report on Wednesday, October 26th. Goldman Sachs Group, Inc. (The) lowered shares of Procter & Gamble Company (The) from a “neutral” rating to a “sell” rating and cut their price target for the stock from $86.00 to $77.00 in a report on Monday, January 9th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $90.02.

In other Procter & Gamble Company (The) news, insider Juan Fernando Posada sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $88.00, for a total transaction of $440,000.00. Following the transaction, the insider now directly owns 19,989 shares of the company’s stock, valued at approximately $1,759,032. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark F. Biegger sold 31,116 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $87.45, for a total transaction of $2,721,094.20. The disclosure for this sale can be found here. Insiders sold a total of 157,505 shares of company stock worth $13,744,916 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.

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