Armstrong Advisory Group Inc. Has $1.06 Million Stake in The Procter & Gamble Company (NYSE:PG)

Armstrong Advisory Group Inc. increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 30.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,994 shares of the company’s stock after acquiring an additional 1,647 shares during the period. Armstrong Advisory Group Inc.’s holdings in Procter & Gamble were worth $1,061,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PG. Silicon Valley Capital Partners acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $28,000. GW&K Investment Management LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at approximately $28,000. IAG Wealth Partners LLC grew its holdings in Procter & Gamble by 58.8% in the 1st quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. Kepos Capital LP acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $38,000. Finally, Ten Capital Wealth Advisors LLC grew its holdings in Procter & Gamble by 325.8% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Procter & Gamble Trading Down 0.8 %

Shares of PG opened at $153.46 on Friday. The stock has a fifty day moving average price of $153.26 and a two-hundred day moving average price of $150.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.63. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.38. The company has a market cap of $361.75 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.85 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. Analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a $0.9407 dividend. The ex-dividend date was Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.73%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PG shares. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday, July 31st. Barclays raised their price objective on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Wells Fargo & Company raised their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Stifel Nicolaus raised their price objective on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $164.00 to $172.00 in a research report on Friday, July 28th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.82.

Insider Activity

In related news, CEO Gary A. Coombe sold 10,094 shares of Procter & Gamble stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total transaction of $1,554,476.00. Following the completion of the sale, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at $5,681,984. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ma. Fatima Francisco sold 8,387 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the completion of the sale, the chief executive officer now directly owns 962 shares of the company’s stock, valued at $150,908.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,094 shares of Procter & Gamble stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the sale, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at $5,681,984. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,607 shares of company stock valued at $16,523,793. Company insiders own 0.17% of the company’s stock.

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.