Los Angeles Capital Management LLC Has $85.08 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Los Angeles Capital Management LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 12.0% in the second quarter, HoldingsChannel reports. The fund owned 515,896 shares of the company’s stock after selling 70,413 shares during the period. Los Angeles Capital Management LLC’s holdings in Procter & Gamble were worth $85,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. increased its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $34,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $31,000. Vima LLC bought a new position in Procter & Gamble during the fourth quarter worth about $35,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 1st quarter worth approximately $42,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on PG shares. TD Cowen assumed coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, Evercore ISI lifted 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. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE PG traded up $0.12 during trading on Friday, hitting $175.59. 5,785,684 shares of the company traded hands, compared to its average volume of 6,591,211. The firm has a market capitalization of $414.42 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.04. The business’s fifty day moving average is $168.26 and its 200 day moving average is $164.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (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 the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Buying and Selling

In related news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares in the company, valued at $6,325,360. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares in the company, valued at $45,002,649.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andre Schulten sold 13,041 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by company insiders.

Procter & Gamble Company 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.