AlphaCore Capital LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,721 shares of the company’s stock after selling 89 shares during the period. AlphaCore Capital LLC’s holdings in Procter & Gamble were worth $565,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Brandywine Managers LLC acquired a new position in shares of Procter & Gamble during the first quarter worth about $22,326,000. BSW Wealth Partners grew its stake in shares of Procter & Gamble by 0.5% during the 1st quarter. BSW Wealth Partners now owns 27,813 shares of the company’s stock worth $4,136,000 after acquiring an additional 132 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Procter & Gamble by 7.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 28,061 shares of the company’s stock valued at $4,258,000 after purchasing an additional 1,855 shares during the last quarter. Advisor Partners II LLC lifted its position in shares of Procter & Gamble by 2.7% in the first quarter. Advisor Partners II LLC now owns 114,256 shares of the company’s stock worth $16,987,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Procter & Gamble by 1.4% during the second quarter. Signaturefd LLC now owns 58,776 shares of the company’s stock worth $8,919,000 after purchasing an additional 806 shares during the last quarter. 63.43% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lowered their price target on shares of Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research note on Thursday, October 12th. Wells Fargo & Company upped their target price on Procter & Gamble from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 19th. DZ Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target for the company in a research note on Friday, October 20th. Royal Bank of Canada upped their price objective on Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus decreased their target price on shares of Procter & Gamble from $161.00 to $151.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.95.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $152.13 on Wednesday. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $158.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.48. The firm has a market cap of $358.55 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 3.16 and a beta of 0.47. The stock’s fifty day moving average price is $149.35 and its two-hundred day moving average price is $150.75.
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings results on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The business had revenue of $21.87 billion for the quarter, compared to analyst estimates of $21.58 billion. During the same period last year, the firm earned $1.57 earnings per share. Procter & Gamble’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 6.42 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.9407 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $3.76 annualized dividend and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is presently 61.04%.
In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the sale, the chief financial officer now directly owns 36,460 shares in the company, valued at $5,491,240.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jon R. Moeller sold 19,822 shares of the firm’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 $3,029,792.70. Following the sale, the chief executive officer now directly owns 250,145 shares of the company’s stock, valued at $38,234,663.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 40,298 shares of Procter & Gamble stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $150.61, for a total value of $6,069,281.78. Following the completion of the transaction, the chief financial officer now owns 36,460 shares in the company, valued at approximately $5,491,240.60. The disclosure for this sale can be found here. In the last three months, insiders sold 105,715 shares of company stock worth $16,025,205. 0.17% of the stock is currently 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.
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