James J. Burns & Company LLC Has $903,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

James J. Burns & Company LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 76.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,472 shares of the company’s stock after acquiring an additional 2,373 shares during the quarter. James J. Burns & Company LLC’s holdings in Procter & Gamble were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PG. Norges Bank bought a new position in Procter & Gamble in the fourth quarter valued at approximately $3,956,117,000. TD Asset Management Inc boosted its holdings in shares of Procter & Gamble by 114.9% in the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after buying an additional 1,907,716 shares during the last quarter. Swedbank AB acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $233,788,000. Ilex Capital Partners UK LLP bought a new position in shares of Procter & Gamble in the first quarter valued at $228,212,000. Finally, California Public Employees Retirement System increased its holdings in Procter & Gamble by 17.1% during the fourth quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after buying an additional 1,387,539 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.5 %

Procter & Gamble stock traded down $0.88 during mid-day trading on Thursday, hitting $167.92. 9,491,362 shares of the stock were exchanged, compared to its average volume of 6,681,171. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.72. The firm’s fifty day simple moving average is $166.99 and its two-hundred day simple moving average is $163.10. The stock has a market capitalization of $396.31 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 3.70 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. Analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Citigroup raised their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. TD Cowen assumed coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Finally, Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $173.95.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was 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 directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now 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 116,313 shares of company stock valued at $19,703,643 in the last quarter. 0.17% of the stock is currently owned by company 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.