Old Port Advisors Has $554,000 Stake in The Procter & Gamble Company (NYSE:PG)

Old Port Advisors raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,359 shares of the company’s stock after purchasing an additional 171 shares during the period. Old Port Advisors’ holdings in Procter & Gamble were worth $554,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $3,956,117,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Procter & Gamble by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after buying an additional 206,165 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Procter & Gamble by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock worth $1,547,021,000 after buying an additional 559,358 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Procter & Gamble by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock worth $1,402,636,000 after buying an additional 246,323 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Procter & Gamble by 17.1% in the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after buying an additional 1,387,539 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,313 shares of company stock valued at $19,703,643. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PG. Barclays lowered their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Trading Down 0.0 %

NYSE PG traded down $0.03 during trading on Friday, hitting $167.89. 5,640,925 shares of the company’s stock traded hands, compared to its average volume of 6,674,588. The stock has a fifty day moving average of $166.99 and a two-hundred day moving average of $163.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $171.72. The firm has a market cap of $396.24 billion, a P/E ratio of 27.43, a PEG ratio of 3.70 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Procter & Gamble 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.