The Procter & Gamble Company (NYSE:PG) Shares Acquired by Biltmore Family Office LLC

Biltmore Family Office LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,183 shares of the company’s stock after purchasing an additional 350 shares during the period. Procter & Gamble makes up 0.7% of Biltmore Family Office LLC’s holdings, making the stock its 23rd largest position. Biltmore Family Office LLC’s holdings in Procter & Gamble were worth $3,823,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Square Asset Management LLC boosted its position in Procter & Gamble by 1.6% during the second quarter. Blue Square Asset Management LLC now owns 10,977 shares of the company’s stock worth $1,810,000 after purchasing an additional 170 shares in the last quarter. Angeles Wealth Management LLC boosted its position in Procter & Gamble by 24.2% during the second quarter. Angeles Wealth Management LLC now owns 6,047 shares of the company’s stock worth $997,000 after purchasing an additional 1,178 shares in the last quarter. Carson Advisory Inc. boosted its position in Procter & Gamble by 15.2% during the second quarter. Carson Advisory Inc. now owns 11,961 shares of the company’s stock worth $1,973,000 after purchasing an additional 1,582 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in Procter & Gamble by 2.0% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 9,884 shares of the company’s stock worth $1,630,000 after purchasing an additional 197 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Procter & Gamble by 1.0% during the second quarter. Coldstream Capital Management Inc. now owns 81,453 shares of the company’s stock worth $13,433,000 after purchasing an additional 830 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Citigroup raised their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the sale, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the sale, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 1.0 %

NYSE PG opened at $177.83 on Wednesday. The firm’s 50-day moving average is $168.80 and its two-hundred day moving average is $164.95. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $419.70 billion, a P/E ratio of 29.06, a PEG ratio of 3.81 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.26%. Procter & Gamble’s dividend payout ratio is presently 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.