Vest Financial LLC Purchases 29,232 Shares of The Procter & Gamble Company (NYSE:PG)

Vest Financial LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,596 shares of the company’s stock after purchasing an additional 29,232 shares during the period. Procter & Gamble accounts for 1.1% of Vest Financial LLC’s investment portfolio, making the stock its 21st biggest position. Vest Financial LLC’s holdings in Procter & Gamble were worth $45,616,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Main Street Financial Solutions LLC increased its stake in Procter & Gamble by 9.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 25,498 shares of the company’s stock worth $4,205,000 after acquiring an additional 2,288 shares during the last quarter. Lansing Street Advisors bought a new position in shares of Procter & Gamble in the second quarter worth approximately $217,000. Trueblood Wealth Management LLC raised its stake in Procter & Gamble by 1.8% in the second quarter. Trueblood Wealth Management LLC now owns 7,924 shares of the company’s stock valued at $1,307,000 after purchasing an additional 137 shares in the last quarter. Nelson Capital Management LLC lifted its position in Procter & Gamble by 2.8% during the second quarter. Nelson Capital Management LLC now owns 51,159 shares of the company’s stock valued at $8,437,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Wambolt & Associates LLC grew its stake in Procter & Gamble by 0.6% in the 2nd quarter. Wambolt & Associates LLC now owns 25,642 shares of the company’s stock worth $4,172,000 after buying an additional 163 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PG shares. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. BNP Paribas started coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus boosted their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Procter & Gamble Price Performance

Shares of PG stock opened at $173.88 on Thursday. 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 firm has a market cap of $410.38 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.81 and a beta of 0.41. The business’s 50 day moving average price is $169.01 and its 200-day moving average price is $165.01. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.

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, 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 business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the firm earned $1.37 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insider Activity

In related news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. 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 quarter. 0.17% of the stock is owned by company insiders.

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.