The Procter & Gamble Company (NYSE:PG) Shares Acquired by Abacus Planning Group Inc.

Abacus Planning Group Inc. grew its stake in The Procter & Gamble Company (NYSE:PG) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,030 shares of the company’s stock after purchasing an additional 579 shares during the quarter. Abacus Planning Group Inc.’s holdings in Procter & Gamble were worth $830,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in shares of Procter & Gamble by 1,214.1% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 257,531 shares of the company’s stock valued at $37,739,000 after buying an additional 237,934 shares during the last quarter. Gilbert & Cook Inc. grew its position in shares of Procter & Gamble by 7.7% during the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after buying an additional 1,237 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Procter & Gamble by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,769,286 shares of the company’s stock valued at $259,271,000 after buying an additional 107,124 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $56,000. Finally, Howe & Rusling Inc. grew its position in shares of Procter & Gamble by 6.8% during the 4th quarter. Howe & Rusling Inc. now owns 4,654 shares of the company’s stock valued at $682,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following 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 accessible through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following 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 accessible through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’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 completion of 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 375,553 shares of company stock worth $63,829,141 in the last 90 days. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.9 %

Procter & Gamble stock opened at $171.54 on Friday. The firm has a market cap of $404.86 billion, a PE ratio of 28.03, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm’s 50 day moving average price is $167.48 and its two-hundred day moving average price is $164.03. 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 quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the prior year, the business posted $1.37 EPS. Procter & Gamble’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Analyst Ratings Changes

Several analysts recently commented on the stock. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.79.

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.