Oxbow Advisors LLC Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Oxbow Advisors LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,614 shares of the company’s stock after purchasing an additional 150 shares during the period. Oxbow Advisors LLC’s holdings in Procter & Gamble were worth $1,586,000 at the end of the most recent quarter.

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

Procter & Gamble Stock Up 0.1 %

NYSE PG traded up $0.12 during trading on Friday, reaching $175.59. 5,785,684 shares of the company’s stock were exchanged, compared to its average volume of 6,591,211. The company has a 50 day moving average price of $168.26 and a two-hundred day moving average price of $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. The stock has a market cap of $414.42 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.04.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Thursday, August 29th. Finally, Evercore ISI raised their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were 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 owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is currently owned by 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.