First City Capital Management Inc. Acquires 1,044 Shares of The Procter & Gamble Company (NYSE:PG)

First City Capital Management Inc. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,067 shares of the company’s stock after purchasing an additional 1,044 shares during the quarter. Procter & Gamble accounts for about 1.5% of First City Capital Management Inc.’s portfolio, making the stock its 16th biggest position. First City Capital Management Inc.’s holdings in Procter & Gamble were worth $2,650,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Gilbert & Cook Inc. raised its position in Procter & Gamble by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after buying an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in shares of Procter & Gamble by 8.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after purchasing an additional 6,390 shares in the last quarter. Sepio Capital LP boosted its holdings in Procter & Gamble by 16.9% during the fourth quarter. Sepio Capital LP now owns 2,170 shares of the company’s stock worth $318,000 after purchasing an additional 314 shares during the last quarter. Glassman Wealth Services grew its position in Procter & Gamble by 7.7% in the fourth quarter. Glassman Wealth Services now owns 13,714 shares of the company’s stock valued at $2,010,000 after purchasing an additional 981 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in Procter & Gamble by 4.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,213 shares of the company’s stock worth $471,000 after buying an additional 129 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PG. Evercore ISI raised their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Finally, TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.16.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 over the last three months. 0.17% of the stock is owned by insiders.

Procter & Gamble Trading Up 1.6 %

Shares of PG stock opened at $174.22 on Friday. The stock has a 50 day simple moving average of $170.21 and a 200 day simple moving average of $165.74. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $411.18 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.