Demars Financial Group LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 44.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,156 shares of the company’s stock after purchasing an additional 2,496 shares during the quarter. Demars Financial Group LLC’s holdings in Procter & Gamble were worth $975,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Magellan Asset Management Ltd acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at $29,000. Costello Asset Management INC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at $35,000. FAI Wealth Management lifted its position in shares of Procter & Gamble by 203.0% during the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at $47,000. Finally, Barnett & Company Inc. lifted its position in shares of Procter & Gamble by 23.4% during the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after acquiring an additional 86 shares during the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble stock traded down $0.93 during mid-day trading on Wednesday, hitting $137.70. 6,049,931 shares of the company’s stock were exchanged, compared to its average volume of 8,694,681. The stock has a market cap of $342.82 billion, a P/E ratio of 27.76, a P/E/G ratio of 3.45 and a beta of 0.43. The stock has a 50 day moving average of $135.65 and a two-hundred day moving average of $121.62. Procter & Gamble Co has a 1-year low of $94.34 and a 1-year high of $141.70. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a $0.7907 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, July 23rd. Procter & Gamble’s dividend payout ratio is currently 61.72%.
In related news, CEO David S. Taylor sold 30,000 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $130.22, for a total value of $3,906,600.00. Following the completion of the sale, the chief executive officer now owns 273,429 shares in the company, valued at $35,605,924.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jon R. Moeller sold 81,755 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $136.18, for a total transaction of $11,133,395.90. Over the last ninety days, insiders sold 272,757 shares of company stock worth $36,738,374. 0.70% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on PG. Deutsche Bank increased their target price on Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a report on Monday, July 27th. Morgan Stanley restated a “buy” rating and issued a $144.00 target price on shares of Procter & Gamble in a report on Tuesday, August 18th. Barclays restated a “buy” rating on shares of Procter & Gamble in a report on Sunday, August 2nd. Jefferies Financial Group increased their target price on Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, SunTrust Banks increased their target price on Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Buy” and a consensus target price of $133.67.
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.
Featured Story: What is the role of the G-20?
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.