Saxon Interests Inc. Has $437,000 Holdings in The Procter & Gamble Company (NYSE:PG)

Saxon Interests Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,647 shares of the company’s stock after selling 165 shares during the quarter. Saxon Interests Inc.’s holdings in Procter & Gamble were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $17,696,000. Campbell Wealth Management boosted its holdings in Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after purchasing an additional 231 shares during the period. Herold Advisors Inc. boosted its holdings in Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after purchasing an additional 581 shares during the period. V Square Quantitative Management LLC boosted its holdings in Procter & Gamble by 29.0% in the 1st quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after purchasing an additional 9,716 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in Procter & Gamble by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, 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 value of $573,410.00. Following the sale, the chief executive officer now 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 is accessible through the SEC website. In related news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares in the company, valued at $45,002,649.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The disclosure for this sale can be found here. Insiders have sold a total of 116,313 shares of company stock valued at $19,703,643 over the last 90 days. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on PG. Evercore ISI raised their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Barclays reduced their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Citigroup raised their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Trading Down 0.0 %

NYSE PG traded down $0.03 during trading on Friday, reaching $167.89. 5,640,925 shares of the stock traded hands, compared to its average volume of 6,674,588. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $171.72. The stock’s 50-day moving average price is $166.99 and its 200 day moving average price is $163.26. The firm has a market cap of $396.24 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

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

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.