Brown Brothers Harriman & Co. Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Brown Brothers Harriman & Co. lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 354,515 shares of the company’s stock after acquiring an additional 13,533 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Procter & Gamble were worth $58,467,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. raised its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth $34,000. Vima LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $35,000. Finally, Quest Partners LLC purchased a new position in shares of Procter & Gamble in the second quarter valued at $36,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction 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 owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on 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 sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. 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 over the last three months. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays cut their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $174.08 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock has a market cap of $410.85 billion, a PE ratio of 28.44, a PEG ratio of 3.77 and a beta of 0.41. The company’s fifty day moving average is $169.38 and its 200 day moving average is $165.24. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is 65.85%.

Procter & Gamble Company 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.