Tiedemann Wealth Management LLC Has $2.28 Million Stake in Procter & Gamble Co (PG)

Tiedemann Wealth Management LLC grew its position in shares of Procter & Gamble Co (NYSE:PG) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,792 shares of the company’s stock after acquiring an additional 3,824 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Procter & Gamble were worth $2,278,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Trian Fund Management L.P. lifted its holdings in Procter & Gamble by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after purchasing an additional 893,157 shares during the period. Legal & General Group Plc lifted its holdings in Procter & Gamble by 2.0% in the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock worth $1,269,884,000 after purchasing an additional 277,715 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after purchasing an additional 934,179 shares during the period. 59.78% of the stock is owned by institutional investors.

Shares of Procter & Gamble Co (NYSE:PG) opened at $82.60 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a 1 year low of $78.59 and a 1 year high of $94.67. The company has a market cap of $208,230.00, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same period in the previous year, the business earned $1.08 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts anticipate that Procter & Gamble Co will post 4.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.34%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 74.59%.

Several research firms recently weighed in on PG. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. Morgan Stanley upped their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Procter & Gamble in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.11.

In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $82.09, for a total transaction of $739,220.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,928 shares of company stock worth $6,312,311. 0.35% of the stock is owned by company insiders.

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About Procter & Gamble

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

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