Asset Management Group Inc. Raises Position in The Procter & Gamble Company (NYSE:PG)

Asset Management Group Inc. boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,606 shares of the company’s stock after buying an additional 69 shares during the period. Asset Management Group Inc.’s holdings in Procter & Gamble were worth $2,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TPG Advisors LLC acquired a new position in Procter & Gamble during the second quarter worth about $204,000. Kiely Wealth Advisory Group Inc. raised its holdings in Procter & Gamble by 12.3% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 1,808 shares of the company’s stock valued at $309,000 after acquiring an additional 198 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 56,081 shares of the company’s stock worth $9,249,000 after purchasing an additional 764 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Procter & Gamble by 3.6% in the second quarter. Sei Investments Co. now owns 852,073 shares of the company’s stock valued at $140,517,000 after purchasing an additional 29,746 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Procter & Gamble by 9.3% in the 2nd quarter. Pacer Advisors Inc. now owns 222,592 shares of the company’s stock valued at $36,710,000 after buying an additional 18,855 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were 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 in the company, valued at $3,657,210. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PG. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, August 29th. Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. 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 report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Barclays lowered their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.16.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $174.22 on Friday. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. 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 $411.18 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.84 and a beta of 0.41. The firm’s fifty day simple moving average is $170.21 and its 200-day simple moving average is $165.69.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.31%. Procter & Gamble’s dividend payout ratio is currently 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.