Joule Financial LLC Has $956,000 Holdings in The Procter & Gamble Company (NYSE:PG)

Joule Financial LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 4.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,795 shares of the company’s stock after acquiring an additional 250 shares during the period. Procter & Gamble comprises about 2.5% of Joule Financial LLC’s holdings, making the stock its 11th biggest position. Joule Financial LLC’s holdings in Procter & Gamble were worth $956,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $17,696,000. Campbell Wealth Management boosted its position in shares of Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after purchasing an additional 231 shares in the last quarter. Herold Advisors Inc. increased its holdings in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after buying an additional 9,716 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Procter & Gamble by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after buying an additional 15,599 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG remained flat at $170.16 during mid-day trading on Thursday. 4,097,282 shares of the company traded hands, compared to its average volume of 6,612,119. The company has a market cap of $401.60 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.64 and a beta of 0.41. The stock’s fifty day moving average is $167.17 and its 200 day moving average is $163.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.89.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PG shares. Evercore ISI upped their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. TD Cowen initiated coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays lowered their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average 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 the stock in a transaction that occurred on Friday, August 9th. The stock was 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 filing with the SEC, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. Insiders sold 127,259 shares of company stock worth $21,628,393 in the last quarter. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Company 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.