Second Line Capital LLC Has $460,000 Stake in The Procter & Gamble Company (NYSE:PG)

Second Line Capital LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 27.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,791 shares of the company’s stock after buying an additional 597 shares during the quarter. Second Line Capital LLC’s holdings in Procter & Gamble were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Wallace Advisory Group LLC lifted its position in shares of Procter & Gamble by 5.0% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,007 shares of the company’s stock worth $496,000 after buying an additional 144 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Procter & Gamble during the second quarter worth about $58,000. Granite FO LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $371,000. NewEdge Advisors LLC boosted its stake in shares of Procter & Gamble by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 253,210 shares of the company’s stock valued at $41,760,000 after purchasing an additional 13,785 shares in the last quarter. Finally, Silver Lake Advisory LLC grew its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Silver Lake Advisory LLC now owns 12,990 shares of the company’s stock valued at $2,142,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated 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 transaction, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Evercore ISI boosted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Barclays lowered their price objective 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. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Trading Up 0.2 %

NYSE PG opened at $173.55 on Monday. The stock has a market capitalization of $409.60 billion, a P/E ratio of 28.36, a P/E/G ratio of 3.76 and a beta of 0.41. The business has a 50 day simple moving average of $170.79 and a 200 day simple moving average of $166.20. 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 Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Research analysts expect 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. Investors of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

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.