11,612 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Williams Financial LLC

Williams Financial LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,612 shares of the company’s stock, valued at approximately $1,896,000.

Several other hedge funds have also bought and sold shares of the stock. Lyell Wealth Management LP grew its holdings in Procter & Gamble by 11.6% in the second quarter. Lyell Wealth Management LP now owns 4,386 shares of the company’s stock valued at $723,000 after purchasing an additional 457 shares during the period. Guardian Wealth Management Inc. grew its stake in Procter & Gamble by 1.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 14,932 shares of the company’s stock valued at $2,463,000 after acquiring an additional 149 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Procter & Gamble by 16.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 60,737 shares of the company’s stock worth $10,017,000 after acquiring an additional 8,428 shares in the last quarter. Alta Advisers Ltd raised its position in Procter & Gamble by 4.9% during the second quarter. Alta Advisers Ltd now owns 6,400 shares of the company’s stock worth $1,055,000 after acquiring an additional 300 shares during the period. Finally, Inspire Advisors LLC lifted its holdings in Procter & Gamble by 16.5% during the second quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock valued at $299,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PG shares. BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 directly owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of Procter & Gamble stock opened at $174.08 on Friday. The stock has a 50 day moving average of $169.38 and a 200 day moving average of $165.21. 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 capitalization of $410.85 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.77 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $1.37 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued 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 2.31%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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.