The Procter & Gamble Company (NYSE:PG) Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 54.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,792 shares of the company’s stock after purchasing an additional 2,391 shares during the period. Creekmur Asset Management LLC’s holdings in Procter & Gamble were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advantage Trust Co purchased a new position in Procter & Gamble in the fourth quarter valued at $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the fourth quarter worth approximately $31,000. Ruedi Wealth Management Inc. grew its holdings in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at $1,605,961.10. The disclosure for this sale can be found here. Insiders sold 94,320 shares of company stock worth $15,646,323 over the last 90 days. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Evercore ISI raised their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Citigroup upped their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.52.

Procter & Gamble Stock Down 0.6 %

Shares of NYSE PG traded down $0.94 during mid-day trading on Wednesday, reaching $160.76. The company had a trading volume of 9,618,854 shares, compared to its average volume of 6,579,594. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92. The stock has a market cap of $379.42 billion, a P/E ratio of 26.27, a PEG ratio of 3.19 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $166.18 and a two-hundred day simple moving average of $161.88.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

About Procter & Gamble

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.