InTrack Investment Management Inc Has $1.75 Million Stake in The Procter & Gamble Company (NYSE:PG)

InTrack Investment Management Inc cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,766 shares of the company’s stock after selling 375 shares during the period. Procter & Gamble comprises approximately 1.3% of InTrack Investment Management Inc’s holdings, making the stock its 14th largest holding. InTrack Investment Management Inc’s holdings in Procter & Gamble were worth $1,747,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MV Capital Management Inc. boosted its holdings in shares of Procter & Gamble by 9.2% in the 1st quarter. MV Capital Management Inc. now owns 25,046 shares of the company’s stock valued at $4,064,000 after buying an additional 2,112 shares during the last quarter. Dash Acquisitions Inc. lifted its stake in Procter & Gamble by 45.6% in the first quarter. Dash Acquisitions Inc. now owns 37,026 shares of the company’s stock valued at $5,812,000 after acquiring an additional 11,591 shares during the last quarter. Applied Capital LLC FL increased its stake in shares of Procter & Gamble by 1.6% during the 1st quarter. Applied Capital LLC FL now owns 11,992 shares of the company’s stock worth $1,946,000 after purchasing an additional 190 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Procter & Gamble by 0.3% in the 1st quarter. Woodmont Investment Counsel LLC now owns 83,880 shares of the company’s stock valued at $13,609,000 after purchasing an additional 268 shares during the period. Finally, Financial Strategies Group Inc. lifted its stake in Procter & Gamble by 21.3% in the 1st quarter. Financial Strategies Group Inc. now owns 26,154 shares of the company’s stock valued at $4,097,000 after purchasing an additional 4,585 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PG shares. BNP Paribas started coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Barclays boosted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and fourteen 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 price target of $170.72.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.7 %

PG opened at $163.93 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The stock has a market capitalization of $386.90 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a 50-day simple moving average of $165.65 and a 200 day simple moving average of $159.01.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.