Proficio Capital Partners LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Proficio Capital Partners LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,287 shares of the company’s stock after buying an additional 228 shares during the quarter. Proficio Capital Partners LLC’s holdings in Procter & Gamble were worth $1,507,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Advantage Trust Co purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock valued at $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PG. Jefferies Financial Group lifted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. BNP Paribas began coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Finally, StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Trading Up 0.2 %

Shares of NYSE PG traded up $0.37 during midday trading on Wednesday, hitting $166.03. The stock had a trading volume of 626,568 shares, compared to its average volume of 6,494,507. The company has a market capitalization of $391.85 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $165.97 and a 200 day moving average price of $159.85.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Procter & Gamble Profile

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.