Childress Capital Advisors LLC Has $1.61 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Childress Capital Advisors LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 16.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,736 shares of the company’s stock after acquiring an additional 1,391 shares during the period. Childress Capital Advisors LLC’s holdings in Procter & Gamble were worth $1,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Advantage Trust Co bought a new position in Procter & Gamble in the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Ruedi Wealth Management Inc. boosted its holdings in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $34,000. Finally, Vima LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.2 %

Shares of NYSE:PG opened at $175.47 on Friday. The firm has a market cap of $414.13 billion, a P/E ratio of 28.67, a PEG ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $176.55. The business’s 50 day simple moving average is $168.05 and its two-hundred day simple moving average is $164.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the previous year, the business posted $1.37 EPS. Procter & Gamble’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock valued at $63,829,141 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on PG. Royal Bank of Canada upped their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, August 29th. Finally, Barclays dropped their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

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.