Apollon Wealth Management LLC Has $13.06 Million Stock Position in Procter & Gamble Company (The) $PG

Apollon Wealth Management LLC lowered its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,103 shares of the company’s stock after selling 3,510 shares during the quarter. Apollon Wealth Management LLC’s holdings in Procter & Gamble were worth $13,056,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at $25,000. Maseco LLP acquired a new position in Procter & Gamble in the fourth quarter worth $28,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble during the third quarter worth $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the third quarter worth $32,000. Finally, Caitlin John LLC bought a new stake in shares of Procter & Gamble during the third quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Key Headlines Impacting Procter & Gamble

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

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. UBS Group dropped their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America dropped their target price on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays set a $155.00 price objective on Procter & Gamble in a report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.89.

Read Our Latest Report on Procter & Gamble

Insider Activity at Procter & Gamble

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction 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 transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares in the company, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $145.17 on Friday. The firm has a market capitalization of $337.37 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 5.16 and a beta of 0.41. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $171.65. The stock’s 50 day moving average price is $153.04 and its two-hundred day moving average price is $149.25.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble Company Profile

(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.

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

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