Nelson Capital Management LLC Has $8.44 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Nelson Capital Management LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,159 shares of the company’s stock after purchasing an additional 1,373 shares during the quarter. Procter & Gamble comprises approximately 1.5% of Nelson Capital Management LLC’s holdings, making the stock its 16th largest holding. Nelson Capital Management LLC’s holdings in Procter & Gamble were worth $8,437,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wambolt & Associates LLC increased its holdings in Procter & Gamble by 0.6% during the 2nd quarter. Wambolt & Associates LLC now owns 25,642 shares of the company’s stock worth $4,172,000 after purchasing an additional 163 shares in the last quarter. Investment Partners LTD. boosted its stake in shares of Procter & Gamble by 2.7% during the 2nd quarter. Investment Partners LTD. now owns 8,391 shares of the company’s stock worth $1,384,000 after buying an additional 218 shares during the last quarter. Eagle Strategies LLC lifted its stake in Procter & Gamble by 134.8% in the 2nd quarter. Eagle Strategies LLC now owns 5,396 shares of the company’s stock valued at $890,000 after purchasing an additional 3,098 shares during the last quarter. PFG Advisors lifted its position in Procter & Gamble by 77.6% during the second quarter. PFG Advisors now owns 36,447 shares of the company’s stock worth $6,011,000 after acquiring an additional 15,922 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Procter & Gamble by 2.8% during the second quarter. Bell Investment Advisors Inc now owns 3,050 shares of the company’s stock worth $503,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PG. Barclays cut their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BNP Paribas started 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 on the stock. Finally, TD Cowen started coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the sale, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 13,041 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 2.2 %

PG opened at $173.88 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $410.38 billion, a P/E ratio of 28.41, 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 $177.94. The company has a fifty day moving average price of $169.01 and a two-hundred day moving average price of $165.01.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.69%.

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.