Jeppson Wealth Management LLC Has $2.46 Million Position in The Procter & Gamble Company (NYSE:PG)

Jeppson Wealth Management LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,928 shares of the company’s stock after acquiring an additional 145 shares during the period. Procter & Gamble accounts for 0.9% of Jeppson Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Jeppson Wealth Management LLC’s holdings in Procter & Gamble were worth $2,462,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter worth $3,956,117,000. TD Asset Management Inc grew its stake in Procter & Gamble by 114.9% in the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after acquiring an additional 1,907,716 shares during the period. Swedbank AB bought a new stake in shares of Procter & Gamble in the first quarter worth about $233,788,000. Ilex Capital Partners UK LLP acquired a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Procter & Gamble by 32.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after purchasing an additional 1,385,146 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG traded up $1.00 during trading on Friday, reaching $176.47. The company’s stock had a trading volume of 637,103 shares, compared to its average volume of 6,560,974. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.04. The firm has a 50 day moving average price of $168.05 and a 200 day moving average price of $164.52. The firm has a market capitalization of $416.49 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the prior year, the company posted $1.37 EPS. The company’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. DZ Bank raised shares of 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, Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Eight 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.