Cooper Financial Group Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Cooper Financial Group increased its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,002 shares of the company’s stock after buying an additional 497 shares during the period. Procter & Gamble comprises about 1.1% of Cooper Financial Group’s holdings, making the stock its 17th biggest position. Cooper Financial Group’s holdings in Procter & Gamble were worth $3,020,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $3,726,603,000. GQG Partners LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $1,231,791,000. CFS Investment Advisory Services LLC increased its stake in shares of Procter & Gamble by 15,150.1% in the first quarter. CFS Investment Advisory Services LLC now owns 4,075,289 shares of the company’s stock worth $642,000 after purchasing an additional 4,048,566 shares in the last quarter. Boston Partners increased its stake in shares of Procter & Gamble by 14,217.6% in the first quarter. Boston Partners now owns 3,415,888 shares of the company’s stock worth $522,695,000 after purchasing an additional 3,392,030 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Procter & Gamble by 330.5% in the first quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock worth $515,242,000 after purchasing an additional 2,588,640 shares in the last quarter. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $137.99 on Tuesday. 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 stock has a market cap of $329.18 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.55 and a beta of 0.35. The company’s 50-day moving average price is $143.26 and its 200 day moving average price is $147.58. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35.

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

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were issued a dividend of $0.913 per share. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.65%. Procter & Gamble’s payout ratio is currently 62.82%.

Insider Buying and Selling

In other news, insider Mary Theresa Grabowski sold 10,397 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $146.00, for a total value of $1,517,962.00. Following the transaction, the insider now owns 4,353 shares of the company’s stock, valued at approximately $635,538. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 987 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the transaction, the chief financial officer now owns 27,330 shares of the company’s stock, valued at approximately $4,081,188.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mary Theresa Grabowski sold 10,397 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $146.00, for a total value of $1,517,962.00. Following the completion of the sale, the insider now owns 4,353 shares of the company’s stock, valued at $635,538. The disclosure for this sale can be found here. Over the last three months, insiders have sold 289,321 shares of company stock valued at $42,559,426. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. UBS Group lowered their price objective on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Finally, Barclays reduced 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. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Company 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.

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

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