Qsemble Capital Management LP Increases Stake in The Procter & Gamble Company (NYSE:PG)

Qsemble Capital Management LP boosted its position in The Procter & Gamble Company (NYSE:PG) by 31.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,888 shares of the company’s stock after acquiring an additional 1,908 shares during the quarter. Qsemble Capital Management LP’s holdings in Procter & Gamble were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. QRG Capital Management Inc. increased its stake in Procter & Gamble by 6.5% in the first quarter. QRG Capital Management Inc. now owns 410,121 shares of the company’s stock valued at $66,542,000 after purchasing an additional 24,915 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Procter & Gamble during the 1st quarter worth $2,869,000. Capital Square LLC lifted its position in Procter & Gamble by 5.2% in the first quarter. Capital Square LLC now owns 10,227 shares of the company’s stock valued at $1,659,000 after acquiring an additional 507 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in Procter & Gamble by 6.7% in the first quarter. Meeder Advisory Services Inc. now owns 31,183 shares of the company’s stock valued at $5,060,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Procter & Gamble by 14.9% during the first quarter. Meeder Asset Management Inc. now owns 3,891 shares of the company’s stock worth $631,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $2.37 during midday trading on Tuesday, hitting $166.95. The company’s stock had a trading volume of 6,361,861 shares, compared to its average volume of 6,502,392. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The firm’s fifty day moving average price is $166.12 and its 200-day moving average price is $160.42. The firm has a market cap of $394.03 billion, a P/E ratio of 27.05, a P/E/G ratio of 3.20 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. Barclays increased their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Finally, Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $171.74.

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.