Optimum Investment Advisors Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Optimum Investment Advisors boosted its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 21.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,614 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Optimum Investment Advisors’ holdings in Procter & Gamble were worth $807,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PG. Norges Bank purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $3,726,603,000. GQG Partners LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $1,231,791,000. CFS Investment Advisory Services LLC increased its position in shares of Procter & Gamble by 15,150.1% during the 1st quarter. CFS Investment Advisory Services LLC now owns 4,075,289 shares of the company’s stock valued at $642,000 after purchasing an additional 4,048,566 shares during the last quarter. Boston Partners increased its position in shares of Procter & Gamble by 14,217.6% during the 1st quarter. Boston Partners now owns 3,415,888 shares of the company’s stock valued at $522,695,000 after purchasing an additional 3,392,030 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Procter & Gamble by 330.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock valued at $515,242,000 after purchasing an additional 2,588,640 shares during the last quarter. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 907 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares in the company, valued at approximately $933,760.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 907 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the sale, the insider now owns 6,253 shares in the company, valued at approximately $933,760.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Theresa Grabowski sold 10,397 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $146.00, for a total value of $1,517,962.00. Following the sale, the insider now owns 4,353 shares in the company, valued at approximately $635,538. The disclosure for this sale can be found here. In the last ninety days, insiders sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research note on Monday, June 20th. Wells Fargo & Company cut their price objective on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Finally, UBS Group cut their price objective on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Trading Down 1.3 %

PG stock opened at $135.73 on Thursday. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The company has a market capitalization of $323.78 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.55 and a beta of 0.35. The business has a 50 day simple moving average of $142.76 and a two-hundred day simple moving average of $147.31.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were given a dividend of $0.913 per share. The ex-dividend date was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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

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