GFS Advisors LLC Grows Holdings in Procter & Gamble Co (NYSE:PG)
GFS Advisors LLC grew its position in shares of Procter & Gamble Co (NYSE:PG) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,189 shares of the company’s stock after purchasing an additional 12,350 shares during the period. Procter & Gamble makes up approximately 1.7% of GFS Advisors LLC’s investment portfolio, making the stock its 16th biggest position. GFS Advisors LLC’s holdings in Procter & Gamble were worth $8,289,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. IPG Investment Advisors LLC raised its stake in Procter & Gamble by 33.6% in the second quarter. IPG Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $292,000 after buying an additional 940 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of Procter & Gamble during the second quarter worth $1,624,000. Day & Ennis LLC increased its position in shares of Procter & Gamble by 435.2% during the second quarter. Day & Ennis LLC now owns 60,902 shares of the company’s stock worth $4,754,000 after purchasing an additional 49,523 shares in the last quarter. Arizona State Retirement System increased its position in shares of Procter & Gamble by 0.7% during the second quarter. Arizona State Retirement System now owns 657,844 shares of the company’s stock worth $51,351,000 after purchasing an additional 4,302 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its position in shares of Procter & Gamble by 56.0% during the second quarter. Convergence Investment Partners LLC now owns 20,505 shares of the company’s stock worth $1,601,000 after purchasing an additional 7,361 shares in the last quarter. Hedge funds and other institutional investors own 58.78% of the company’s stock.
In other Procter & Gamble news, CEO David S. Taylor sold 63,113 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the completion of the transaction, the insider now directly owns 209,033 shares of the company’s stock, valued at approximately $19,205,952.04. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock valued at $46,437,282 in the last ninety days. 1.84% of the stock is currently owned by corporate insiders.
Shares of Procter & Gamble stock traded down $1.10 during mid-day trading on Friday, hitting $92.45. The stock had a trading volume of 7,929,895 shares, compared to its average volume of 9,781,134. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The stock has a market cap of $235.84 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.07 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Equities analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were given a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. Procter & Gamble’s payout ratio is currently 68.01%.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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