L. Roy Papp & Associates LLP Has $10.74 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

L. Roy Papp & Associates LLP cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,149 shares of the company’s stock after selling 92 shares during the period. Procter & Gamble comprises approximately 1.3% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 22nd largest position. L. Roy Papp & Associates LLP’s holdings in Procter & Gamble were worth $10,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in 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 purchasing an additional 237,934 shares in the last quarter. Stockman Wealth Management Inc. grew its stake in shares of Procter & Gamble by 1.0% in the 4th quarter. Stockman Wealth Management Inc. now owns 63,479 shares of the company’s stock worth $9,302,000 after acquiring an additional 651 shares in the last quarter. Demars Financial Group LLC grew its stake in shares of Procter & Gamble by 4.4% in the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after acquiring an additional 63 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Procter & Gamble by 11.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 17,163 shares of the company’s stock valued at $2,515,000 after buying an additional 1,762 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in Procter & Gamble by 4.9% during the fourth quarter. Community Bank & Trust Waco Texas now owns 51,211 shares of the company’s stock valued at $7,504,000 after buying an additional 2,415 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.98 during midday trading on Friday, reaching $169.17. 4,016,502 shares of the stock traded hands, compared to its average volume of 6,596,195. 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 stock has a market capitalization of $399.26 billion, a PE ratio of 27.53, a P/E/G ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.89. The company’s 50 day moving average is $167.25 and its 200 day moving average is $163.54.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,259 shares of company stock valued at $37,948,393. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PG shares. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price target 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. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lowered their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $173.95.

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.