Navellier & Associates Inc Has $1,976,000 Stake in Procter & Gamble Co. (PG)
Navellier & Associates Inc increased its position in Procter & Gamble Co. (NYSE:PG) by 21.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,332 shares of the company’s stock after buying an additional 4,080 shares during the period. Navellier & Associates Inc’s holdings in Procter & Gamble Co. were worth $1,976,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of PG. Americafirst Capital Management LLC acquired a new position in shares of Procter & Gamble Co. during the second quarter valued at about $112,000. Lenox Wealth Advisors Inc. raised its position 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 worth $156,000 after buying an additional 10 shares in the last quarter. Cypress Capital Management LLC WY purchased a new position in shares of Procter & Gamble Co. during the second quarter worth $157,000. Catamount Wealth Management raised its position 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 worth $194,000 after buying an additional 1,152 shares in the last quarter. Finally, Wealthsource Partners LLC purchased a new position in shares of Procter & Gamble Co. during the first quarter worth $200,000. Hedge funds and other institutional investors own 58.73% of the company’s stock.
Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.73% during trading on Thursday, reaching $89.50. The company had a trading volume of 20,661,427 shares. The firm’s 50 day moving average price is $87.96 and its 200 day moving average price is $84.46. The firm has a market capitalization of $238.85 billion, a P/E ratio of 24.23 and a beta of 0.54. Procter & Gamble Co. has a 12 month low of $73.49 and a 12 month high of $90.22.
Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The firm had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Equities analysts predict that Procter & Gamble Co. will post $0.02 EPS for the current year.
PG has been the topic of a number of research reports. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 price objective (up from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Stifel Nicolaus increased their price objective on Procter & Gamble Co. from $85.00 to $92.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Jefferies Group reissued a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Vetr raised Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 price objective on the stock in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. set a $99.00 price objective on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Procter & Gamble Co. has an average rating of “Buy” and a consensus price target of $89.49.
In other Procter & Gamble Co. news, insider Juan Fernando Posada sold 3,501 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total transaction of $313,339.50. Following the transaction, the insider now owns 19,953 shares in the company, valued at approximately $1,785,793.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jon R. Moeller sold 272,591 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total value of $23,426,470.54. Following the transaction, the chief financial officer now owns 164,269 shares in the company, valued at approximately $14,117,277.86. 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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