The Procter & Gamble Company (NYSE:PG) Shares Purchased by Waverton Investment Management Ltd

Waverton Investment Management Ltd raised its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 37.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,129 shares of the company’s stock after buying an additional 31,115 shares during the period. Waverton Investment Management Ltd’s holdings in Procter & Gamble were worth $16,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PrairieView Partners LLC lifted its position in shares of Procter & Gamble by 5.8% during the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after buying an additional 63 shares during the last quarter. Apeiron RIA LLC lifted its position in shares of Procter & Gamble by 2.2% during the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock worth $475,000 after buying an additional 64 shares during the last quarter. Ambassador Advisors LLC lifted its position in shares of Procter & Gamble by 2.2% during the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after buying an additional 65 shares during the last quarter. Perennial Investment Advisors LLC lifted its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after buying an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC lifted its position in shares of Procter & Gamble by 3.9% during the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after buying an additional 66 shares during the last quarter. 63.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Susan Street Whaley sold 907 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the transaction, the insider now owns 6,253 shares in the company, valued at $933,760.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jon R. Moeller sold 169,365 shares of Procter & Gamble stock in a transaction on Friday, August 12th. The stock was sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the sale, the chief executive officer now directly owns 164,761 shares in the company, valued at $24,147,372.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the sale, the insider now owns 6,253 shares in the company, valued at $933,760.49. The disclosure for this sale can be found here. Insiders have sold 289,321 shares of company stock worth $42,559,426 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on PG shares. Wells Fargo & Company dropped their price objective on Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Evercore ISI set a $170.00 target price on Procter & Gamble in a research report on Monday, June 20th. Finally, Barclays dropped their target price on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Trading Up 0.4 %

NYSE PG opened at $136.21 on Friday. The business has a 50 day simple moving average of $142.58 and a 200 day simple moving average of $147.19. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. The stock has a market capitalization of $324.93 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.49 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly 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). The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Research analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio is presently 62.82%.

Procter & Gamble Company Profile

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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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