The Procter & Gamble Company (NYSE:PG) Shares Bought by Empirical Finance LLC

Empirical Finance LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,507 shares of the company’s stock after purchasing an additional 2,857 shares during the quarter. Procter & Gamble makes up approximately 0.9% of Empirical Finance LLC’s portfolio, making the stock its 20th largest holding. Empirical Finance LLC’s holdings in Procter & Gamble were worth $14,036,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. HighPoint Advisor Group LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $17,696,000. Dfpg Investments LLC grew its holdings in Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after acquiring an additional 424 shares during the period. Campbell Wealth Management lifted its stake in Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after purchasing an additional 231 shares during the last quarter. Herold Advisors Inc. boosted its stake in shares of Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Procter & Gamble by 29.0% during the 1st quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after buying an additional 9,716 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock traded up $1.07 during trading hours on Friday, reaching $166.61. The company’s stock had a trading volume of 4,574,141 shares, compared to its average volume of 6,508,256. The stock has a market capitalization of $393.22 billion, a P/E ratio of 27.32, a P/E/G ratio of 3.19 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The firm’s fifty day simple moving average is $166.07 and its 200 day simple moving average is $159.94. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Citigroup lifted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.74.

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.