The Procter & Gamble Company (NYSE:PG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 67.2% in the second quarter, HoldingsChannel.com reports. The fund owned 26,803 shares of the company’s stock after purchasing an additional 10,777 shares during the quarter. Procter & Gamble comprises approximately 0.6% of GAMMA Investing LLC’s portfolio, making the stock its 22nd biggest position. GAMMA Investing LLC’s holdings in Procter & Gamble were worth $4,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC acquired a new position in Procter & Gamble in the fourth quarter valued at $17,696,000. Campbell Wealth Management increased its stake in Procter & Gamble by 13.1% in the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after purchasing an additional 231 shares during the last quarter. Herold Advisors Inc. increased its stake in Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after purchasing an additional 581 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after purchasing an additional 9,716 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in Procter & Gamble by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 2.6 %

Shares of NYSE:PG traded up $4.39 during trading on Friday, hitting $170.08. The company’s stock had a trading volume of 11,899,038 shares, compared to its average volume of 6,952,473. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $170.92. The stock’s 50-day moving average price is $166.28 and its two-hundred day moving average price is $162.21. The company has a market capitalization of $401.41 billion, a PE ratio of 27.79, a PEG ratio of 3.60 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released 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 return on equity of 33.33% and a net margin of 17.71%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. Stifel Nicolaus upped their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Finally, Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.95.

Insider Buying and Selling

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,320 shares of company stock worth $15,646,323. 0.17% of the stock is currently owned by corporate insiders.

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.