ARQ Wealth Advisors LLC Invests $553,000 in Procter & Gamble Company (The) $PG

ARQ Wealth Advisors LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PGFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,596 shares of the company’s stock, valued at approximately $553,000.

Other large investors also recently bought and sold shares of the company. Czech National Bank lifted its stake in Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after purchasing an additional 21,825 shares in the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at $4,796,000. Vega Investment Solutions grew its stake in shares of Procter & Gamble by 1.3% in the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after buying an additional 8,500 shares in the last quarter. Triodos Investment Management BV raised its holdings in shares of Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after buying an additional 17,400 shares during the period. Finally, Jump Financial LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares in the company, valued at $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 3.1%

Shares of NYSE:PG opened at $146.71 on Thursday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $174.80. The company’s 50 day moving average is $153.95 and its two-hundred day moving average is $150.86. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $340.96 billion, a PE ratio of 21.74, a P/E/G ratio of 5.06 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s payout ratio is 62.67%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. Rothschild & Co Redburn lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. UBS Group increased their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Finally, Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

Get Our Latest Report on Procter & Gamble

About Procter & Gamble

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Featured Stories

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 Company (The) (NYSE:PGFree Report).

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.