Davis R M Inc. Purchases 8,960 Shares of The Procter & Gamble Company (NYSE:PG)

Davis R M Inc. grew its position in The Procter & Gamble Company (NYSE:PGFree Report) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 198,648 shares of the company’s stock after purchasing an additional 8,960 shares during the quarter. Davis R M Inc.’s holdings in Procter & Gamble were worth $30,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tevis Investment Management lifted its stake in Procter & Gamble by 0.5% during the first quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after purchasing an additional 64 shares during the last quarter. Exeter Financial LLC boosted its stake in shares of 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 acquiring an additional 66 shares in the last quarter. Diligent Investors LLC grew its holdings in shares of Procter & Gamble by 0.4% in the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock worth $2,391,000 after acquiring an additional 66 shares during the last quarter. Western Pacific Wealth Management LP raised its position in shares of Procter & Gamble by 5.3% during the first quarter. Western Pacific Wealth Management LP now owns 1,322 shares of the company’s stock worth $197,000 after purchasing an additional 66 shares during the period. Finally, Davis Investment Partners LLC lifted its holdings in shares of Procter & Gamble by 4.1% during the second quarter. Davis Investment Partners LLC now owns 1,658 shares of the company’s stock valued at $250,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $150.80 on Monday. The firm has a market cap of $355.42 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47. The company’s fifty day moving average is $149.28 and its 200-day moving average is $150.65. The company has a quick ratio of 0.48, a current ratio of 0.67 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $135.83 and a 12 month high of $158.38.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.71 by $0.12. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The firm had revenue of $21.87 billion for the quarter, compared to the consensus estimate of $21.58 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.42 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.9407 dividend. The ex-dividend date was Thursday, October 19th. This represents a $3.76 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.04%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 781 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the completion of the sale, the chief executive officer now directly owns 6,310 shares in the company, valued at $964,294.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 575 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $144.97, for a total value of $83,357.75. Following the transaction, the insider now directly owns 7,498 shares of the company’s stock, valued at approximately $1,086,985.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO R. Alexandra Keith sold 781 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the completion of the sale, the chief executive officer now directly owns 6,310 shares of the company’s stock, valued at $964,294.20. The disclosure for this sale can be found here. Insiders have sold a total of 96,088 shares of company stock worth $14,565,908 over the last 90 days. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PG. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price for the company in a report on Friday, October 20th. Stifel Nicolaus cut their target price on shares of Procter & Gamble from $161.00 to $151.00 and set a “hold” rating on the stock in a research note on Monday, October 16th. Wells Fargo & Company raised their target price on Procter & Gamble from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. Bank of America upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Get Our Latest Stock Analysis on PG

Procter & Gamble Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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