Donaldson Capital Management LLC Buys 1,429 Shares of Procter & Gamble Co (NYSE:PG)

Donaldson Capital Management LLC boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,567 shares of the company’s stock after acquiring an additional 1,429 shares during the quarter. Donaldson Capital Management LLC’s holdings in Procter & Gamble were worth $1,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. D Orazio & Associates Inc. increased its position in shares of Procter & Gamble by 3.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after acquiring an additional 98 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after acquiring an additional 12,038 shares in the last quarter. Homrich & Berg lifted its stake in Procter & Gamble by 1.1% in the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares in the last quarter. Bellecapital International Ltd. lifted its stake in 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. Finally, First National Bank of South Miami lifted its stake in Procter & Gamble by 5.1% in the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after buying an additional 340 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, UBS Group raised their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.00.

PG traded up $0.07 during trading on Friday, reaching $119.69. The company’s stock had a trading volume of 3,345,556 shares, compared to its average volume of 7,326,030. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $122.00 and a two-hundred day simple moving average of $114.95. Procter & Gamble Co has a 1 year low of $86.74 and a 1 year high of $125.77. The company has a market cap of $296.51 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period last year, the company posted $1.12 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In other news, VP Valarie L. Sheppard sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total transaction of $207,134.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 26,075 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the sale, the insider now owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Insiders sold a total of 1,645,966 shares of company stock worth $202,229,770 over the last three months. Corporate insiders own 1.75% of the company’s stock.

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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

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