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

ShankerValleau Wealth Advisors Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,466 shares of the company’s stock after acquiring an additional 97 shares during the quarter. Procter & Gamble comprises 0.1% of ShankerValleau Wealth Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. ShankerValleau Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Advantage Trust Co purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. grew its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Evercore ISI upped their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Finally, 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 note on Wednesday. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.95.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the sale, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the sale, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 94,320 shares of company stock worth $15,646,323 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $4.39 during mid-day trading on Friday, reaching $170.08. The company’s stock had a trading volume of 11,899,038 shares, compared to its average volume of 6,952,473. The firm has a market cap of $401.41 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.60 and a beta of 0.41. The business has a 50 day moving average price of $166.28 and a 200-day moving average price of $162.21. The company has a current ratio of 0.73, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $170.92.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.33%. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.