AlphaMark Advisors LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

AlphaMark Advisors LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 28.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,554 shares of the company’s stock after acquiring an additional 15,061 shares during the quarter. Procter & Gamble comprises about 3.9% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. AlphaMark Advisors LLC’s holdings in Procter & Gamble were worth $11,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Procter & Gamble by 4.5% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 5,502 shares of the company’s stock valued at $907,000 after purchasing an additional 236 shares during the period. Meadow Creek Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 4.6% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 9,559 shares of the company’s stock valued at $1,576,000 after purchasing an additional 419 shares during the period. James J. Burns & Company LLC grew its stake in shares of Procter & Gamble by 76.6% in the 2nd quarter. James J. Burns & Company LLC now owns 5,472 shares of the company’s stock valued at $903,000 after buying an additional 2,373 shares in the last quarter. Phoenix Wealth Advisors grew its stake in shares of Procter & Gamble by 4.9% in the 2nd quarter. Phoenix Wealth Advisors now owns 6,954 shares of the company’s stock valued at $1,147,000 after buying an additional 326 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 51.5% in the 2nd quarter. Valued Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $90,000 after buying an additional 185 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Evercore ISI boosted their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Citigroup boosted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.95.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. 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 stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock worth $19,703,643 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.88 during trading hours on Thursday, reaching $167.92. The stock had a trading volume of 9,491,362 shares, compared to its average volume of 6,681,171. The business’s fifty day moving average is $166.98 and its two-hundred day moving average is $163.13. 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 company has a market cap of $396.31 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 3.70 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.72.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

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.