Elgethun Capital Management Purchases 86 Shares of The Procter & Gamble Company (NYSE:PG)

Elgethun Capital Management boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,619 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Elgethun Capital Management’s holdings in Procter & Gamble were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FSB Premier Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 5.5% during the second quarter. FSB Premier Wealth Management Inc. now owns 3,658 shares of the company’s stock worth $555,000 after purchasing an additional 191 shares during the period. Railway Pension Investments Ltd increased its stake in Procter & Gamble by 0.5% during the 2nd quarter. Railway Pension Investments Ltd now owns 1,119,963 shares of the company’s stock worth $169,943,000 after acquiring an additional 5,800 shares during the period. Penserra Capital Management LLC lifted its position in Procter & Gamble by 3.7% during the second quarter. Penserra Capital Management LLC now owns 1,013,166 shares of the company’s stock worth $153,737,000 after purchasing an additional 36,116 shares during the period. ExodusPoint Capital Management LP grew its stake in Procter & Gamble by 688.7% during the second quarter. ExodusPoint Capital Management LP now owns 213,063 shares of the company’s stock worth $32,330,000 after buying an additional 186,049 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Procter & Gamble by 132.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,826,829 shares of the company’s stock valued at $187,631,000 after buying an additional 1,609,280 shares in the last quarter. 63.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 884 shares of Procter & Gamble stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $154.49, for a total value of $136,569.16. Following the transaction, the insider now owns 8,073 shares in the company, valued at $1,247,197.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Susan Street Whaley sold 884 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $154.49, for a total transaction of $136,569.16. Following the sale, the insider now owns 8,073 shares in the company, valued at $1,247,197.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total value of $119,352.42. Following the sale, the chief executive officer now directly owns 6,310 shares of the company’s stock, valued at approximately $964,294.20. The disclosure for this sale can be found here. Insiders have sold 96,088 shares of company stock worth $14,565,908 over the last quarter. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PG. Barclays reduced their target price on Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Stifel Nicolaus cut their price objective on Procter & Gamble from $161.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, October 16th. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target for the company in a research report on Friday, October 20th. Finally, Jefferies Financial Group assumed coverage on shares of Procter & Gamble in a research report on Monday, November 13th. They issued a “buy” rating and a $177.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $0.53 during midday trading on Tuesday, hitting $149.74. The stock had a trading volume of 1,767,383 shares, compared to its average volume of 6,206,295. The Procter & Gamble Company has a 52-week low of $135.83 and a 52-week high of $158.38. The company has a market capitalization of $352.92 billion, a PE ratio of 24.39, a P/E/G ratio of 3.16 and a beta of 0.47. The firm’s fifty day moving average is $149.19 and its two-hundred day moving average is $150.62. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.71 by $0.12. The firm had revenue of $21.87 billion for the quarter, compared to analyst estimates of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 6.42 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, October 19th. This represents a $3.76 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio is currently 61.04%.

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.