Capital Market Strategies LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Capital Market Strategies LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,861 shares of the company’s stock, valued at approximately $586,000.

Several other institutional investors have also recently made changes to their positions in PG. Silicon Valley Capital Partners purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. GW&K Investment Management LLC purchased a new position in Procter & Gamble during the first quarter valued at approximately $28,000. IAG Wealth Partners LLC raised its position in Procter & Gamble by 58.8% during the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after acquiring an additional 90 shares in the last quarter. Kepos Capital LP purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $38,000. Finally, Ten Capital Wealth Advisors LLC raised its position in Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PG. JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $164.00 to $172.00 in a research report on Friday, July 28th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Bank of America lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company lifted their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $174.00 price target on shares of Procter & Gamble in a research note on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.82.

Procter & Gamble Price Performance

PG stock opened at $153.46 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $361.75 billion, a PE ratio of 26.01, a P/E/G ratio of 3.85 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38. The business’s fifty day moving average price is $153.26 and its 200 day moving average price is $150.09.

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

Procter & Gamble Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, July 20th. This represents a $3.76 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is 63.73%.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 806 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now owns 28,373 shares in the company, valued at approximately $4,336,813.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the completion of the transaction, the chief accounting officer now directly owns 888 shares of the company’s stock, valued at approximately $138,758.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 806 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total value of $123,197.10. Following the transaction, the chief financial officer now directly owns 28,373 shares of the company’s stock, valued at $4,336,813.05. The disclosure for this sale can be found here. Insiders have sold a total of 106,607 shares of company stock worth $16,523,793 in the last quarter. 0.17% of the stock is owned by company insiders.

About Procter & Gamble

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.