Sfmg LLC Has $596,000 Stake in Procter & Gamble Co (NYSE:PG)

Sfmg LLC boosted its holdings in Procter & Gamble Co (NYSE:PG) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,198 shares of the company’s stock after acquiring an additional 223 shares during the period. Sfmg LLC’s holdings in Procter & Gamble were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. NEXT Financial Group Inc raised its position in shares of Procter & Gamble by 104.5% in the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares in the last quarter. Bellecapital International Ltd. raised its position in shares of Procter & Gamble by 19.0% in the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after buying an additional 1,025 shares in the last quarter. Accurate Investment Solutions Inc. raised its position in shares of Procter & Gamble by 0.9% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 44,502 shares of the company’s stock valued at $4,880,000 after buying an additional 385 shares in the last quarter. Curbstone Financial Management Corp raised its position in shares of Procter & Gamble by 4.2% in the 2nd quarter. Curbstone Financial Management Corp now owns 26,168 shares of the company’s stock valued at $2,869,000 after buying an additional 1,050 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its position in shares of Procter & Gamble by 167.9% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 29,241 shares of the company’s stock valued at $3,212,000 after buying an additional 18,325 shares in the last quarter. Institutional investors and hedge funds own 62.57% of the company’s stock.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 141,575 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total transaction of $207,134.20. The disclosure for this sale can be found here. Insiders have sold a total of 429,026 shares of company stock worth $50,867,990 over the last three months. Insiders own 1.84% of the company’s stock.

Shares of Procter & Gamble stock traded up $0.08 during midday trading on Friday, hitting $119.50. 391,786 shares of the company traded hands, compared to its average volume of 9,130,777. Procter & Gamble Co has a 12 month low of $78.49 and a 12 month high of $121.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. The stock has a market cap of $297.52 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.45 and a beta of 0.45. The firm’s fifty day moving average price is $115.91 and its 200-day moving average price is $107.18.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The firm had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, July 18th. Procter & Gamble’s payout ratio is 65.93%.

Several equities analysts have recently commented on PG shares. Credit Suisse Group boosted their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Finally, SunTrust Banks lifted their price target on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $108.15.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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