Van Hulzen Asset Management LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Van Hulzen Asset Management LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,961 shares of the company’s stock after acquiring an additional 591 shares during the period. Van Hulzen Asset Management LLC’s holdings in Procter & Gamble were worth $2,632,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its stake 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 worth $2,523,000 after acquiring an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Procter & Gamble by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after purchasing an additional 6,390 shares during the period. AGF Management Ltd. raised its position in Procter & Gamble by 51.1% during the fourth quarter. AGF Management Ltd. now owns 21,146 shares of the company’s stock worth $3,099,000 after acquiring an additional 7,149 shares during the period. Boston Partners raised its stake in Procter & Gamble by 10.6% in the 4th quarter. Boston Partners now owns 32,581 shares of the company’s stock valued at $4,774,000 after purchasing an additional 3,114 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Procter & Gamble by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 333,669 shares of the company’s stock worth $48,896,000 after purchasing an additional 16,762 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction 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 directly 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 Securities & Exchange Commission, which can be accessed through this link. In other news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their price target on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, 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. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Price Performance

Shares of PG opened at $176.07 on Tuesday. The business has a 50-day moving average of $168.53 and a 200-day moving average of $164.83. 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 company has a market capitalization of $415.55 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.04.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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.