Acadian Asset Management LLC Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Acadian Asset Management LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,937 shares of the company’s stock after purchasing an additional 5,144 shares during the quarter. Acadian Asset Management LLC’s holdings in Procter & Gamble were worth $169,005,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. increased its position in shares of Procter & Gamble by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Procter & Gamble by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after purchasing an additional 6,390 shares in the last quarter. AGF Management Ltd. increased its holdings in Procter & Gamble by 51.1% in the fourth quarter. AGF Management Ltd. now owns 21,146 shares of the company’s stock valued at $3,099,000 after buying an additional 7,149 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $280,000. Finally, SP Asset Management LLC boosted its position in shares of Procter & Gamble by 0.4% during the 4th quarter. SP Asset Management LLC now owns 40,364 shares of the company’s stock worth $5,915,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PG. Royal Bank of Canada raised their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Barclays reduced their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 over the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $175.59 on Friday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.04. The stock has a market capitalization of $414.42 billion, a P/E ratio of 28.69, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The company’s fifty day moving average is $168.26 and its two-hundred day moving average is $164.69.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Procter & Gamble Company Profile

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.