Philip James Wealth Mangement LLC Boosts Position in The Procter & Gamble Company (NYSE:PG)

Philip James Wealth Mangement LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 107.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,206 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Procter & Gamble were worth $902,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Stiles Financial Services Inc increased its stake in Procter & Gamble by 2.0% in the 3rd quarter. Stiles Financial Services Inc now owns 22,523 shares of the company’s stock worth $3,901,000 after buying an additional 445 shares during the period. Financial Strategies Group Inc. increased its stake in Procter & Gamble by 5.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 32,174 shares of the company’s stock worth $5,550,000 after buying an additional 1,601 shares during the period. AIA Group Ltd increased its stake in Procter & Gamble by 5.7% in the 3rd quarter. AIA Group Ltd now owns 324,979 shares of the company’s stock worth $56,286,000 after buying an additional 17,525 shares during the period. Summit Global Investments increased its stake in Procter & Gamble by 14.2% in the 3rd quarter. Summit Global Investments now owns 6,706 shares of the company’s stock worth $1,161,000 after buying an additional 835 shares during the period. Finally, Smith Thornton Advisors LLC increased its stake in Procter & Gamble by 3.7% in the 3rd quarter. Smith Thornton Advisors LLC now owns 5,515 shares of the company’s stock worth $955,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG stock traded up $2.06 during trading on Friday, reaching $165.47. The company had a trading volume of 974,631 shares, compared to its average volume of 6,635,311. The firm has a 50-day simple moving average of $171.29 and a 200-day simple moving average of $168.13. The company has a market cap of $389.69 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the business earned $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 69.48%.

Analysts Set New Price Targets

A number of research firms have commented on PG. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. DA Davidson raised their target price on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TD Cowen began coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,597 shares of company stock worth $53,268,499. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.