Biltmore Family Office LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Biltmore Family Office LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,183 shares of the company’s stock after buying an additional 350 shares during the quarter. Procter & Gamble comprises 0.7% of Biltmore Family Office LLC’s portfolio, making the stock its 23rd biggest holding. Biltmore Family Office LLC’s holdings in Procter & Gamble were worth $3,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. increased its position in shares of Procter & Gamble by 64.7% during the 1st 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 last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $34,000. Vima LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $35,000. Finally, Quest Partners LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.0 %

Shares of NYSE PG opened at $177.83 on Wednesday. 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 stock has a market capitalization of $419.70 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The business has a fifty day moving average price of $168.80 and a 200 day moving average price of $164.95.

Procter & Gamble (NYSE:PG) last issued 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 return on equity of 33.46% and a net margin of 17.71%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced 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. This represents a $4.03 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays cut their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of the company’s 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 transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 in the last ninety days. Corporate 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.