Tower Wealth Partners Inc. Grows Stake in The Procter & Gamble Company (NYSE:PG)

Tower Wealth Partners Inc. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,809 shares of the company’s stock after purchasing an additional 121 shares during the period. Procter & Gamble makes up about 1.2% of Tower Wealth Partners Inc.’s portfolio, making the stock its 15th biggest holding. Tower Wealth Partners Inc.’s holdings in Procter & Gamble were worth $1,948,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble during the second quarter valued at $34,000. Vima LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $35,000. Finally, Quest Partners LLC purchased a new position in Procter & Gamble in the 2nd quarter worth $36,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were 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 directly owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 10,623 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the completion of the transaction, the chief operating officer now owns 23,890 shares in the company, valued at $4,042,665.80. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $177.25 on Tuesday. The business has a 50 day simple moving average of $169.59 and a two-hundred day simple moving average of $165.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $418.33 billion, a P/E ratio of 28.96, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share 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 net margin of 17.71% and a return on equity of 33.46%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. BNP Paribas began 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. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays decreased their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Seven research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

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.