Fiduciary Financial Group LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Fiduciary Financial Group LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,526 shares of the company’s stock, valued at approximately $589,000.

Several other institutional investors have also added to or reduced their stakes in the business. United Asset Strategies Inc. raised its stake in shares of Procter & Gamble by 8.9% during the 4th quarter. United Asset Strategies Inc. now owns 20,674 shares of the company’s stock valued at $3,030,000 after purchasing an additional 1,689 shares during the period. Guerra Pan Advisors LLC increased its position in shares of Procter & Gamble by 175.9% during the fourth quarter. Guerra Pan Advisors LLC now owns 4,287 shares of the company’s stock valued at $628,000 after buying an additional 2,733 shares during the period. Main Street Research LLC lifted its holdings in shares of Procter & Gamble by 5.3% in the fourth quarter. Main Street Research LLC now owns 333,608 shares of the company’s stock worth $48,887,000 after buying an additional 16,677 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 41.1% in the fourth quarter. Everence Capital Management Inc. now owns 94,176 shares of the company’s stock worth $13,801,000 after buying an additional 27,420 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Procter & Gamble by 2.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,081,303 shares of the company’s stock valued at $158,454,000 after acquiring an additional 26,014 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.0 %

Shares of NYSE PG traded down $0.03 during mid-day trading on Friday, hitting $167.89. The stock had a trading volume of 5,574,141 shares, compared to its average volume of 6,674,588. The firm has a market cap of $396.24 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.72. 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 business has a 50 day moving average price of $166.98 and a two-hundred day moving average price of $163.13.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s payout ratio is 65.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI lifted 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. Citigroup boosted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays lowered their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.95.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’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 value of $12,342,475.74. Following 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 legal filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,313 shares of company stock worth $19,703,643. 0.17% of the stock is owned by corporate 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.