The Procter & Gamble Company (NYSE:PG) Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. grew its position in The Procter & Gamble Company (NYSE:PG) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,547 shares of the company’s stock after buying an additional 731 shares during the period. Procter & Gamble accounts for approximately 0.7% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 21st largest position. Linscomb Wealth Inc.’s holdings in Procter & Gamble were worth $12,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Hazlett Burt & Watson Inc. increased its position in shares of Procter & Gamble by 57.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 15,689 shares of the company’s stock valued at $2,583,000 after acquiring an additional 5,699 shares during the last quarter. Trifecta Capital Advisors LLC lifted its holdings in shares of Procter & Gamble by 2.5% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 4,049 shares of the company’s stock worth $668,000 after acquiring an additional 99 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in shares of Procter & Gamble by 2.4% during the 2nd quarter. Wellington Shields & Co. LLC now owns 6,318 shares of the company’s stock worth $1,042,000 after purchasing an additional 150 shares during the period. LPL Financial LLC increased its holdings in Procter & Gamble by 6.1% in the 2nd quarter. LPL Financial LLC now owns 3,031,301 shares of the company’s stock valued at $499,922,000 after purchasing an additional 174,252 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its position in Procter & Gamble by 52.3% in the second quarter. HHM Wealth Advisors LLC now owns 10,746 shares of the company’s stock valued at $1,772,000 after purchasing an additional 3,690 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating 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. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Trading Up 1.0 %

NYSE PG opened at $177.83 on Wednesday. The firm’s fifty day moving average price is $168.80 and its 200 day moving average price 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 company has a market capitalization of $419.70 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the company posted $1.37 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued 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 2.26%. Procter & Gamble’s payout ratio is 65.85%.

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.