The Procter & Gamble Company (NYSE:PG) Stake Lifted by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,179 shares of the company’s stock after purchasing an additional 254 shares during the period. O Brien Greene & Co. Inc’s holdings in Procter & Gamble were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Procter & Gamble by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 240,089 shares of the company’s stock worth $39,130,000 after acquiring an additional 32,371 shares during the last quarter. Tredje AP fonden increased its stake in Procter & Gamble by 10.0% in the 2nd quarter. Tredje AP fonden now owns 748,803 shares of the company’s stock worth $123,493,000 after purchasing an additional 68,200 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Procter & Gamble by 2.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 187,271 shares of the company’s stock worth $30,885,000 after buying an additional 4,243 shares during the period. Argent Trust Co boosted its holdings in shares of Procter & Gamble by 0.4% in the second quarter. Argent Trust Co now owns 138,027 shares of the company’s stock worth $22,763,000 after buying an additional 615 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its position in Procter & Gamble by 6.0% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 83,632 shares of the company’s stock worth $13,793,000 after purchasing an additional 4,741 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PG. Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, August 29th. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Seven 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 company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’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 sale, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 21,513 shares in the company, valued at approximately $3,657,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

PG opened at $175.93 on Wednesday. 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’s 50 day simple moving average is $169.80 and its 200-day simple moving average is $165.49. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94. The stock has a market capitalization of $415.22 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

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

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.