King Luther Capital Management Corp Buys 20,085 Shares of The Procter & Gamble Company (NYSE:PG)

King Luther Capital Management Corp increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,235,636 shares of the company’s stock after buying an additional 20,085 shares during the period. King Luther Capital Management Corp’s holdings in Procter & Gamble were worth $203,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $29,000. Ruedi Wealth Management Inc. lifted its holdings in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $34,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Finally, Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $36,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was 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 owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,553 shares of company stock worth $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $171.54 on Friday. 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 company has a market capitalization of $404.86 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The firm’s 50-day moving average is $170.06 and its 200 day moving average is $165.59.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Stifel Nicolaus increased their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.16.

Procter & Gamble Company 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.