MJP Associates Inc. ADV Buys 1,278 Shares of The Procter & Gamble Company (NYSE:PG)

MJP Associates Inc. ADV boosted its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 17.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,425 shares of the company’s stock after buying an additional 1,278 shares during the quarter. MJP Associates Inc. ADV’s holdings in Procter & Gamble were worth $1,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lansing Street Advisors bought a new stake in shares of Procter & Gamble in the 1st quarter valued at about $37,000. Western Pacific Wealth Management LP bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $40,000. Dravo Bay LLC bought a new stake in shares of Procter & Gamble in the 1st quarter valued at about $40,000. Retirement Group LLC raised its holdings in shares of Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Finally, IAG Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 63.45% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares in the company, valued at $933,760.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $147,388.71. Following the completion of the transaction, the chief financial officer now directly owns 27,330 shares in the company, valued at $4,081,188.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the transaction, the insider now owns 6,253 shares of the company’s stock, valued at $933,760.49. The disclosure for this sale can be found here. Insiders sold a total of 289,321 shares of company stock worth $42,559,426 in the last three months. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a research report on Monday, June 20th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $138.28 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a 50 day simple moving average of $143.26 and a two-hundred day simple moving average of $147.63. The stock has a market cap of $329.87 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.55 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were paid a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.