1,448 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by AMJ Financial Wealth Management

AMJ Financial Wealth Management bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,448 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tevis Investment Management increased its position in Procter & Gamble by 0.5% in the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after acquiring an additional 64 shares during the period. Exeter Financial LLC increased its holdings in shares of Procter & Gamble by 0.4% during the first quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after purchasing an additional 66 shares during the period. Diligent Investors LLC raised its stake in shares of Procter & Gamble by 0.4% during the first 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 in the last quarter. Western Pacific Wealth Management LP lifted its holdings in Procter & Gamble by 5.3% in 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 grew its position in Procter & Gamble by 4.1% in the 2nd quarter. Davis Investment Partners LLC now owns 1,658 shares of the company’s stock valued at $250,000 after buying an additional 66 shares in the last quarter. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Down 0.6 %

Shares of PG stock traded down $0.96 on Monday, reaching $150.11. 1,534,249 shares of the company’s stock traded hands, compared to its average volume of 6,202,781. The company has a market capitalization of $353.79 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47. The Procter & Gamble Company has a 12-month low of $135.83 and a 12-month high of $158.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The business’s 50 day moving average price is $149.28 and its two-hundred day moving average price is $150.65.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.12. The company had revenue of $21.87 billion for the quarter, compared to analysts’ expectations of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 EPS. On average, equities analysts forecast that The Procter & Gamble Company will post 6.42 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $3.76 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio is 61.04%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the transaction, the chief financial officer now directly owns 36,460 shares of the company’s stock, valued at approximately $5,491,240.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total value of $3,017,373.67. Following the completion of the sale, the chief executive officer now directly owns 24,438 shares in the company, valued at $3,750,499.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andre Schulten sold 40,298 shares of the firm’s 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 transaction, the chief financial officer now owns 36,460 shares in the company, valued at $5,491,240.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,088 shares of company stock valued at $14,565,908. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. HSBC started coverage on shares of Procter & Gamble in a research report on Friday, September 22nd. They set a “buy” rating and a $179.00 price target on the stock. Bank of America upped their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus lowered their price target on Procter & Gamble from $161.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, October 16th. Barclays cut their price objective on Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

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.