Element Capital Management LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Element Capital Management LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 5.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,021 shares of the company’s stock after purchasing an additional 16,264 shares during the period. Procter & Gamble comprises approximately 3.2% of Element Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Element Capital Management LLC’s holdings in Procter & Gamble were worth $46,587,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PG. GW&K Investment Management LLC bought a new stake in shares of Procter & Gamble in the 1st quarter valued at about $28,000. Your Advocates Ltd. LLP lifted its holdings in Procter & Gamble by 632.0% during 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 last quarter. Ten Capital Wealth Advisors LLC boosted its position in Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares during the period. Wunderlich Capital Managemnt bought a new position in shares of Procter & Gamble in the second quarter valued at about $40,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of Procter & Gamble by 51.3% during the 1st quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock worth $42,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PG. Stifel Nicolaus lowered their price target on shares of Procter & Gamble from $161.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Sanford C. Bernstein reduced their price target on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating for the company in a research note on Thursday, October 12th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating on the stock in a research report on Thursday, October 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.83.

Procter & Gamble Stock Performance

NYSE PG traded down $0.80 during trading on Tuesday, hitting $149.47. 3,265,528 shares of the company’s stock traded hands, compared to its average volume of 6,213,445. 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 stock has a market capitalization of $352.28 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.16 and a beta of 0.47. The Procter & Gamble Company has a 12-month low of $135.83 and a 12-month high of $158.38. The business has a 50 day moving average of $149.19 and a 200-day moving average of $150.62.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were paid a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is currently 61.04%.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now directly owns 24,438 shares in the company, valued at approximately $3,750,499.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 884 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $154.49, for a total value of $136,569.16. Following the completion of the transaction, the insider now directly owns 8,073 shares in the company, valued at $1,247,197.77. The disclosure for this sale can be found here. Insiders have sold a total of 96,088 shares of company stock worth $14,565,908 in the last ninety days. Insiders own 0.17% of the company’s stock.

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.