The Procter & Gamble Company (NYSE:PG) Stake Decreased by Curbstone Financial Management Corp

Curbstone Financial Management Corp trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,048 shares of the company’s stock after selling 100 shares during the quarter. Curbstone Financial Management Corp’s holdings in Procter & Gamble were worth $3,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tevis Investment Management lifted its stake in shares of Procter & Gamble by 0.5% during the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock worth $1,823,000 after buying an additional 64 shares during the last quarter. Eagle Strategies LLC boosted its holdings in shares of Procter & Gamble by 1.9% during the first quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock worth $524,000 after acquiring an additional 65 shares during the period. WealthTrust Asset Management LLC grew its position in shares of Procter & Gamble by 3.4% in the first quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after purchasing an additional 65 shares during the last quarter. Exeter Financial LLC lifted its holdings in Procter & Gamble by 0.4% during the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock worth $2,286,000 after purchasing an additional 66 shares during the last quarter. Finally, Diligent Investors LLC boosted its stake in Procter & Gamble by 0.4% in the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock valued at $2,391,000 after purchasing an additional 66 shares during the period. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Up 1.1 %

Shares of NYSE:PG opened at $154.79 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.63. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.38. The company has a market capitalization of $364.89 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company has a fifty day moving average of $153.20 and a 200-day moving average of $150.06.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Bank of America lifted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Royal Bank of Canada increased their target price on Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a report on Monday, July 31st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.82.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the sale, the chief accounting officer now owns 888 shares of the company’s stock, valued at $138,758.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares of the company’s stock, valued at $138,758.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,387 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the sale, the chief executive officer now directly owns 962 shares of the company’s stock, valued at approximately $150,908.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.