The Procter & Gamble Company (NYSE:PG) Position Increased by Ellis Investment Partners LLC

Ellis Investment Partners LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,771 shares of the company’s stock after buying an additional 183 shares during the period. Ellis Investment Partners LLC’s holdings in Procter & Gamble were worth $1,446,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ruedi Wealth Management Inc. lifted its stake in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $34,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at about $31,000. Vima LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at about $35,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Procter & Gamble during the first quarter valued at about $42,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. 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. Royal Bank of Canada increased their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lowered 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock worth $63,829,141 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.1 %

Shares of PG stock opened at $175.59 on Friday. The business’s 50 day moving average is $168.26 and its two-hundred day moving average is $164.69. The company has a market cap of $414.42 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.04.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

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

Procter & Gamble 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.