The Procter & Gamble Company (NYSE:PG) Shares Acquired by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 20.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,595 shares of the company’s stock after acquiring an additional 622 shares during the period. Legacy Capital Group California Inc.’s holdings in Procter & Gamble were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Brandywine Managers LLC acquired a new position in Procter & Gamble in the 1st quarter valued at about $22,326,000. BSW Wealth Partners increased its stake in Procter & Gamble by 0.5% during the first quarter. BSW Wealth Partners now owns 27,813 shares of the company’s stock worth $4,136,000 after acquiring an additional 132 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Procter & Gamble by 7.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 28,061 shares of the company’s stock valued at $4,258,000 after purchasing an additional 1,855 shares during the period. Advisor Partners II LLC lifted its stake in shares of Procter & Gamble by 2.7% in the 1st quarter. Advisor Partners II LLC now owns 114,256 shares of the company’s stock valued at $16,987,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Signaturefd LLC now owns 58,776 shares of the company’s stock worth $8,919,000 after purchasing an additional 806 shares during the period. 63.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on PG. HSBC started coverage on shares of Procter & Gamble in a research report on Friday, September 22nd. They issued a “buy” rating and a $179.00 target price on the stock. Barclays cut their target price on Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, October 12th. Royal Bank of Canada lifted their price objective on Procter & Gamble from $165.00 to $167.00 and gave the company a “sector perform” rating in a research note on Monday, July 31st. William Blair assumed coverage on Procter & Gamble in a research report on Friday, September 8th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Finally, DZ Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target on the stock in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.83.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,413 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $144.97, for a total transaction of $204,842.61. Following the transaction, the chief executive officer now directly owns 26,306 shares of the company’s stock, valued at approximately $3,813,580.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO R. Alexandra Keith sold 1,413 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $144.97, for a total value of $204,842.61. Following the transaction, the chief executive officer now owns 26,306 shares of the company’s stock, valued at $3,813,580.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 40,298 shares of Procter & Gamble stock in a transaction on Monday, November 6th. The shares were sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the completion of the transaction, the chief financial officer now owns 36,460 shares in the company, valued at $5,491,240.60. The disclosure for this sale can be found here. Insiders have sold 96,088 shares of company stock valued at $14,565,908 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 1.2 %

Shares of Procter & Gamble stock traded down $1.76 during trading hours on Friday, hitting $151.07. The company had a trading volume of 8,495,710 shares, compared to its average volume of 6,541,199. The company’s 50-day moving average is $149.28 and its two-hundred day moving average is $150.73. The Procter & Gamble Company has a twelve month low of $135.83 and a twelve month high of $158.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.48. The company has a market cap of $356.06 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The business had revenue of $21.87 billion for the quarter, compared to analysts’ expectations of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.42 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.04%.

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.