2,567 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Gentry Private Wealth LLC

Gentry Private Wealth LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,567 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also bought and sold shares of PG. HighPoint Advisor Group LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $17,696,000. Campbell Wealth Management raised its stake in Procter & Gamble by 13.1% in the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after buying an additional 231 shares during the period. V Square Quantitative Management LLC raised its stake in Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after buying an additional 9,716 shares during the period. Bayesian Capital Management LP raised its stake in Procter & Gamble by 43.0% in the fourth quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock valued at $7,743,000 after buying an additional 15,900 shares during the period. Finally, Steele Capital Management Inc. bought a new stake in Procter & Gamble in the first quarter valued at approximately $204,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada upped their target price on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 in the last 90 days. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.1 %

Shares of PG opened at $175.59 on Friday. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.04. The business’s fifty day moving average is $168.26 and its 200-day moving average is $164.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a market cap of $414.42 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 3.72 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

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.