Shikiar Asset Management Inc. Purchases 184 Shares of The Procter & Gamble Company (NYSE:PG)

Shikiar Asset Management Inc. raised its position in The Procter & Gamble Company (NYSE:PG) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,874 shares of the company’s stock after buying an additional 184 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Procter & Gamble were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $28,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. raised its stake in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the period. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $33,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Barclays reduced their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. 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. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $173.95.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction on Friday, August 9th. The stock was 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 in the company, valued at $45,002,649.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction on Friday, August 9th. The stock was 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 in the company, valued at $45,002,649.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 125,462 shares of company stock worth $21,238,114 in the last quarter. 0.17% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.9 %

NYSE PG traded up $1.51 on Wednesday, hitting $168.80. The company’s stock had a trading volume of 4,953,783 shares, compared to its average volume of 7,864,465. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $171.72. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $166.93 and its 200 day simple moving average is $163.06. The firm has a market cap of $398.39 billion, a P/E ratio of 27.58, a PEG ratio of 3.70 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share 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 business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter last year, the business posted $1.37 EPS. The business’s revenue was down .1% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s 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.