Callan Family Office LLC Raises Stake in The Procter & Gamble Company (NYSE:PG)

Callan Family Office LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 16.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,415 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Callan Family Office LLC’s holdings in Procter & Gamble were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PG. Norges Bank purchased a new position in Procter & Gamble in the 4th quarter worth approximately $3,956,117,000. TD Asset Management Inc increased its stake in shares of Procter & Gamble by 114.9% in the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after buying an additional 1,907,716 shares during the period. Swedbank AB bought a new stake in Procter & Gamble during the 1st quarter valued at $233,788,000. Ilex Capital Partners UK LLP purchased a new stake in Procter & Gamble during the 1st quarter valued at $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Procter & Gamble by 32.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after acquiring an additional 1,385,146 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PG. Barclays dropped their target price 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 lifted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Shailesh Jejurikar sold 10,623 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the transaction, the chief operating officer now directly owns 23,890 shares of the company’s stock, valued at approximately $4,042,665.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction 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 $2,212,043.84. The disclosure for this sale can be found here. Insiders sold a total of 237,293 shares of company stock worth $40,331,085 in the last three months. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.7 %

Shares of NYSE PG traded up $1.18 during trading on Monday, reaching $170.35. The company had a trading volume of 5,424,970 shares, compared to its average volume of 6,597,088. The business’s 50-day moving average is $167.35 and its 200 day moving average is $163.77. 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 cap of $402.05 billion, a PE ratio of 27.83, a P/E/G ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $171.89.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for 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%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble’s payout ratio is 65.69%.

About Procter & Gamble

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.