Calamos Wealth Management LLC Increases Holdings in The Procter & Gamble Company (NYSE:PG)

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Calamos Wealth Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 3.8% in the 1st quarter, HoldingsChannel reports. The firm owned 20,240 shares of the company’s stock after acquiring an additional 733 shares during the quarter. Calamos Wealth Management LLC’s holdings in Procter & Gamble were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. PrairieView Partners LLC raised its holdings in shares of Procter & Gamble by 5.8% in the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock valued at $174,000 after acquiring an additional 63 shares in the last quarter. Poplar Forest Capital LLC raised its holdings in shares of Procter & Gamble by 0.3% in the 4th quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock valued at $4,173,000 after acquiring an additional 64 shares in the last quarter. Apeiron RIA LLC raised its holdings in shares of Procter & Gamble by 2.2% in the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after acquiring an additional 64 shares in the last quarter. Ambassador Advisors LLC raised its holdings in shares of Procter & Gamble by 2.2% during the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after buying an additional 65 shares in the last quarter. Finally, Tranquility Partners LLC raised its holdings in shares of Procter & Gamble by 3.9% during the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock valued at $268,000 after buying an additional 66 shares in the last quarter. 63.64% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $143.02 on Monday. The stock has a market capitalization of $343.15 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 4.31 and a beta of 0.40. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. The business’s 50 day simple moving average is $143.53 and its two-hundred day simple moving average is $152.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be given a $0.913 dividend. The ex-dividend date is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.55%. Procter & Gamble’s dividend payout ratio is currently 63.70%.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,014 shares of company stock worth $299,202. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $165.00 to $156.00 in a report on Thursday. The Goldman Sachs Group decreased their price objective on Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. Barclays decreased their price objective on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. Finally, StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.53.

Procter & Gamble Company Profile

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

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