Freestone Capital Holdings LLC Has $12.47 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Freestone Capital Holdings LLC reduced its stake in Procter & Gamble by 2.9%, holding 73,181 shares valued at approximately $12.47 million as of the latest SEC filing.
• Procter & Gamble reported a 1.7% year-over-year revenue increase for the last quarter, with earnings per share of $1.48, surpassing analysts' estimates of $1.42.
• The company recently declared a quarterly dividend of $1.0568, resulting in an annualized dividend of $4.23 and yielding 2.7% for shareholders.

Freestone Capital Holdings LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,181 shares of the company's stock after selling 2,147 shares during the period. Freestone Capital Holdings LLC's holdings in Procter & Gamble were worth $12,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. HFR Wealth Management LLC increased its stake in shares of Procter & Gamble by 0.7% in the first quarter. HFR Wealth Management LLC now owns 70,384 shares of the company's stock valued at $11,995,000 after buying an additional 497 shares during the period. Algert Global LLC increased its stake in shares of Procter & Gamble by 8.0% in the first quarter. Algert Global LLC now owns 5,410 shares of the company's stock valued at $922,000 after buying an additional 400 shares during the period. Cascade Financial Partners LLC increased its stake in shares of Procter & Gamble by 121.1% in the first quarter. Cascade Financial Partners LLC now owns 4,656 shares of the company's stock valued at $793,000 after buying an additional 2,550 shares during the period. Seven Mile Advisory boosted its position in shares of Procter & Gamble by 7.5% during the 1st quarter. Seven Mile Advisory now owns 4,200 shares of the company's stock valued at $716,000 after purchasing an additional 292 shares in the last quarter. Finally, LeConte Wealth Management LLC acquired a new stake in Procter & Gamble during the first quarter worth approximately $240,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.4%

Shares of NYSE:PG opened at $154.30 on Friday. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The business's 50 day simple moving average is $157.19 and its two-hundred day simple moving average is $163.27. The firm has a market cap of $361.43 billion, a P/E ratio of 23.70, a PEG ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Bank of America lowered their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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