Jupiter Asset Management Ltd. Sells 625 Shares of The Procter & Gamble Company (NYSE:PG)

Jupiter Asset Management Ltd. reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,070 shares of the company’s stock after selling 625 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Procter & Gamble were worth $2,741,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GW&K Investment Management LLC purchased a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $28,000. Your Advocates Ltd. LLP lifted its stake in shares of Procter & Gamble by 632.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after purchasing an additional 158 shares during the period. Ten Capital Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 202 shares during the period. Wunderlich Capital Managemnt purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at approximately $40,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of Procter & Gamble by 51.3% in the 1st quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock valued at $42,000 after purchasing an additional 96 shares during the period. 63.43% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 1.2 %

Procter & Gamble stock opened at $151.07 on Friday. The stock has a market cap of $356.06 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $158.38. The stock has a fifty day moving average of $149.28 and a 200 day moving average of $150.69.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $21.87 billion during 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%. Procter & Gamble’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.42 EPS for the current year.

Procter & Gamble Announces Dividend

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the completion of the sale, the chief financial officer now owns 36,460 shares in the company, valued at $5,491,240.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the completion of the sale, the chief financial officer now owns 36,460 shares in the company, valued at $5,491,240.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 884 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $154.49, for a total value of $136,569.16. Following the completion of the sale, the insider now owns 8,073 shares of the company’s stock, valued at approximately $1,247,197.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,088 shares of company stock worth $14,565,908. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America raised their target price on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company boosted their target price on Procter & Gamble from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 19th. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Morgan Stanley reissued an “overweight” rating and issued a $174.00 target price on shares of Procter & Gamble in a report on Tuesday, August 1st. Finally, DZ Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

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.