AlphaStar Capital Management LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

AlphaStar Capital Management LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,519 shares of the company’s stock after buying an additional 1,929 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Procter & Gamble were worth $3,219,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in Procter & Gamble by 1,214.1% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 257,531 shares of the company’s stock valued at $37,739,000 after purchasing an additional 237,934 shares during the last quarter. Investment Partners LTD. boosted its stake in shares of Procter & Gamble by 27.1% during the fourth quarter. Investment Partners LTD. now owns 10,866 shares of the company’s stock valued at $1,592,000 after purchasing an additional 2,317 shares during the period. Stonebrook Private Inc. bought a new position in shares of Procter & Gamble in the fourth quarter worth about $837,000. RiverFront Investment Group LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $3,670,000. Finally, Kapstone Financial Advisors LLC increased its stake in Procter & Gamble by 0.6% in the 4th quarter. Kapstone Financial Advisors LLC now owns 34,930 shares of the company’s stock worth $5,436,000 after buying an additional 224 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.5 %

Shares of Procter & Gamble stock traded down $0.84 on Tuesday, reaching $169.51. The stock had a trading volume of 1,274,149 shares, compared to its average volume of 6,567,764. 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 stock has a market capitalization of $400.07 billion, a P/E ratio of 27.77, a P/E/G ratio of 3.64 and a beta of 0.41. The company has a 50 day moving average price of $167.35 and a 200 day moving average price of $163.77. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.89.

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

Procter & Gamble Announces Dividend

The business also recently declared 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 dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PG. Royal Bank of Canada upped their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup raised 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. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.95.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,313 shares of company stock worth $57,539,677. Company insiders own 0.17% of the company’s stock.

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.