Delta Asset Management LLC TN Increases Position in The Procter & Gamble Company (NYSE:PG)

Delta Asset Management LLC TN increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 260,026 shares of the company’s stock after purchasing an additional 1,462 shares during the quarter. Procter & Gamble accounts for approximately 3.9% of Delta Asset Management LLC TN’s portfolio, making the stock its 5th largest position. Delta Asset Management LLC TN’s holdings in Procter & Gamble were worth $39,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GW&K Investment Management LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $28,000. Your Advocates Ltd. LLP increased its position in Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after purchasing an additional 158 shares during the period. Ten Capital Wealth Advisors LLC raised its holdings in Procter & Gamble by 325.8% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Wunderlich Capital Managemnt purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth about $40,000. Finally, Silicon Valley Capital Partners increased its position in shares of Procter & Gamble by 51.3% during the first quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock valued at $42,000 after buying an additional 96 shares during the period. Institutional investors own 63.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. HSBC assumed coverage on shares of Procter & Gamble in a report on Friday, September 22nd. They issued a “buy” rating and a $179.00 price objective for the company. William Blair initiated coverage on Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Jefferies Financial Group began coverage on Procter & Gamble in a report on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $165.00 to $167.00 and gave the company a “sector perform” rating in a report on Monday, July 31st. Finally, Barclays lowered their price target on shares of Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $165.83.

Procter & Gamble Stock Performance

NYSE:PG traded down $0.72 during mid-day trading on Monday, reaching $150.35. The company’s stock had a trading volume of 1,150,011 shares, compared to its average volume of 6,201,053. The firm’s fifty day moving average price is $149.28 and its two-hundred day moving average price is $150.65. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.51. The stock has a market cap of $354.36 billion, a P/E ratio of 24.48, a PEG 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.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, beating 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 company had revenue of $21.87 billion for the quarter, compared to the consensus estimate of $21.58 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The firm’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 fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is currently 61.04%.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 188 shares of Procter & Gamble stock in a transaction on Friday, October 20th. The shares were sold at an average price of $148.52, for a total transaction of $27,921.76. Following the transaction, the chief accounting officer now owns 626 shares in the company, valued at approximately $92,973.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 575 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $144.97, for a total transaction of $83,357.75. Following the sale, the insider now owns 7,498 shares in the company, valued at approximately $1,086,985.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 188 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $148.52, for a total transaction of $27,921.76. Following the sale, the chief accounting officer now owns 626 shares in the company, valued at $92,973.52. The disclosure for this sale can be found here. Insiders have sold 96,088 shares of company stock worth $14,565,908 in the last quarter. Company insiders own 0.17% of the company’s stock.

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.