Smithbridge Asset Management Inc. DE Grows Stake in The Procter & Gamble Company (NYSE:PG)

Smithbridge Asset Management Inc. DE grew its position in The Procter & Gamble Company (NYSE:PG) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,175 shares of the company’s stock after purchasing an additional 888 shares during the quarter. Procter & Gamble comprises approximately 1.2% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its 25th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Procter & Gamble were worth $5,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advantage Trust Co acquired a new position in Procter & Gamble during the fourth quarter valued at $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $31,000. Ruedi Wealth Management Inc. lifted its position in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the period. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter valued at $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Argus upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.95.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on 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 owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock valued at $19,703,643 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.0 %

Shares of Procter & Gamble stock traded down $0.03 during mid-day trading on Friday, hitting $167.89. The stock had a trading volume of 5,640,925 shares, compared to its average volume of 7,681,546. The firm has a 50-day moving average of $166.99 and a two-hundred day moving average of $163.26. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $171.72. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market cap of $396.24 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 3.66 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is currently 65.85%.

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.