Capital Advisors Inc. OK boosted its holdings in Procter & Gamble Co (NYSE:PG) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 274,163 shares of the company’s stock after purchasing an additional 11,388 shares during the period. Procter & Gamble comprises 1.5% of Capital Advisors Inc. OK’s portfolio, making the stock its 15th largest position. Capital Advisors Inc. OK’s holdings in Procter & Gamble were worth $36,384,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Magellan Asset Management Ltd acquired a new stake in Procter & Gamble during the first quarter valued at approximately $29,000. Costello Asset Management INC acquired a new stake in Procter & Gamble during the second quarter valued at approximately $35,000. FAI Wealth Management raised its stake in Procter & Gamble by 203.0% during the second quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Estate Counselors LLC acquired a new stake in Procter & Gamble during the second quarter valued at approximately $47,000. Finally, Barnett & Company Inc. raised its stake in Procter & Gamble by 23.4% during the second quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after buying an additional 86 shares in the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.
PG remained flat at $$138.63 during trading hours on Tuesday. The company had a trading volume of 4,045,813 shares, compared to its average volume of 8,709,535. Procter & Gamble Co has a 12-month low of $94.34 and a 12-month high of $141.70. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $345.14 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.45 and a beta of 0.43. The business’s fifty day moving average is $135.14 and its 200-day moving average is $121.49.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a $0.7907 dividend. This represents a $3.16 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, July 23rd. Procter & Gamble’s dividend payout ratio is currently 61.72%.
Several analysts have issued reports on PG shares. Barclays restated a “buy” rating on shares of Procter & Gamble in a research note on Sunday, August 2nd. Jefferies Financial Group upped their price objective on Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Morgan Stanley reiterated a “buy” rating and set a $144.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 18th. SunTrust Banks increased their price target on Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Finally, Deutsche Bank increased their price target on Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Buy” and an average price target of $133.67.
In other Procter & Gamble news, insider Mary Theresa Grabowski sold 21,431 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $2,786,030.00. Following the completion of the transaction, the insider now directly owns 55,013 shares of the company’s stock, valued at approximately $7,151,690. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Valarie L. Sheppard sold 4,688 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the transaction, the vice president now directly owns 26,704 shares of the company’s stock, valued at $3,692,629.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,757 shares of company stock worth $36,738,374. 0.70% of the stock is owned by insiders.
About Procter & Gamble
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.
Read More: Price to Earnings Ratio (PE) Basics
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