Hudock Capital Group LLC Purchases 4,974 Shares of Procter & Gamble Co. (PG)
Hudock Capital Group LLC boosted its position in Procter & Gamble Co. (NYSE:PG) by 48.7% during the second quarter, Holdings Channel reports. The fund owned 15,185 shares of the company’s stock after buying an additional 4,974 shares during the period. Procter & Gamble Co. makes up about 0.7% of Hudock Capital Group LLC’s portfolio, making the stock its 20th largest position. Hudock Capital Group LLC’s holdings in Procter & Gamble Co. were worth $1,285,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new stake in Procter & Gamble Co. during the second quarter worth approximately $112,000. Lenox Wealth Advisors Inc. increased its stake in shares of Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares during the period. Cypress Capital Management LLC WY acquired a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $157,000. Catamount Wealth Management increased its stake in shares of Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock valued at $194,000 after buying an additional 1,152 shares during the period. Finally, Rothschild Capital Partners LLC acquired a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $201,000. Institutional investors own 58.73% of the company’s stock.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.88% during trading on Wednesday, hitting $87.80. The stock had a trading volume of 55,409,813 shares. The company’s 50 day moving average price is $87.27 and its 200 day moving average price is $83.97. The company has a market capitalization of $234.32 billion, a price-to-earnings ratio of 23.77 and a beta of 0.51. Procter & Gamble Co. has a 52 week low of $69.74 and a 52 week high of $88.95.
Procter & Gamble Co. (NYSE:PG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. During the same period in the previous year, the company posted $1.00 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current year.
Several equities research analysts have issued reports on PG shares. Jefferies Group restated a “buy” rating and issued a $95.00 price target on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Johnson Rice upgraded Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Zacks Investment Research downgraded Procter & Gamble Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating and issued a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Finally, Atlantic Securities started coverage on Procter & Gamble Co. in a report on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $89.58.
In other Procter & Gamble Co. news, insider Jeffrey K. Schomburger sold 2,603 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.16, for a total transaction of $226,877.48. Following the completion of the sale, the insider now directly owns 33,188 shares of the company’s stock, valued at approximately $2,892,666.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Juan Fernando Posada sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $88.58, for a total value of $885,800.00. Following the sale, the insider now directly owns 26,452 shares of the company’s stock, valued at $2,343,118.16. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
About Procter & Gamble Co.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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