Kayne Anderson Rudnick Investment Management LLC Has $18.49 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 9.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 112,097 shares of the company’s stock after purchasing an additional 9,415 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Procter & Gamble were worth $18,487,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PG. Gilbert & Cook Inc. lifted 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 acquiring an additional 1,237 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in Procter & Gamble by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock valued at $12,341,000 after acquiring an additional 6,390 shares in the last quarter. Sepio Capital LP lifted its position in shares of Procter & Gamble by 16.9% during the 4th quarter. Sepio Capital LP now owns 2,170 shares of the company’s stock worth $318,000 after buying an additional 314 shares in the last quarter. Glassman Wealth Services lifted its position in shares of Procter & Gamble by 7.7% during the 4th quarter. Glassman Wealth Services now owns 13,714 shares of the company’s stock worth $2,010,000 after buying an additional 981 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in shares of 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.

Analysts Set New Price Targets

PG has been the topic of several recent analyst reports. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. TD Cowen initiated 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays dropped their target price on shares of 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, Evercore ISI lifted their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. 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 company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $176.16.

Procter & Gamble Stock Up 1.6 %

Procter & Gamble stock opened at $174.22 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The firm has a market capitalization of $411.18 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 3.84 and a beta of 0.41. 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 firm has a 50 day simple moving average of $170.21 and a 200 day simple moving average of $165.74.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.31%. Procter & Gamble’s dividend payout ratio is 65.69%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction 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 transaction, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,553 shares of company stock worth $63,829,141. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.