Stokes Capital Advisors LLC Has $6.45 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Stokes Capital Advisors LLC raised its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,826 shares of the company’s stock after buying an additional 1,154 shares during the quarter. Procter & Gamble accounts for about 2.3% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position. Stokes Capital Advisors LLC’s holdings in Procter & Gamble were worth $6,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Global Investments lifted its position in shares of Procter & Gamble by 24.4% in the 4th quarter. Summit Global Investments now owns 16,500 shares of the company’s stock worth $2,699,000 after acquiring an additional 3,232 shares during the period. HBK Investments L P bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $813,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $426,000. Banco de Sabadell S.A lifted its position in shares of Procter & Gamble by 60.9% in the 4th quarter. Banco de Sabadell S.A now owns 20,365 shares of the company’s stock worth $3,324,000 after acquiring an additional 7,712 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Procter & Gamble by 2.8% in the 4th quarter. LPL Financial LLC now owns 1,771,606 shares of the company’s stock worth $289,799,000 after acquiring an additional 48,248 shares during the period. Institutional investors and hedge funds own 63.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PG. Wells Fargo & Company reduced their price objective on Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Evercore ISI set a $170.00 price objective on Procter & Gamble in a report on Monday, June 20th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Finally, UBS Group cut their price objective on Procter & Gamble to $153.00 in a report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the completion of the sale, the insider now directly owns 6,253 shares in the company, valued at $933,760.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Andre Schulten sold 987 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the completion of the transaction, the chief financial officer now directly owns 27,330 shares in the company, valued at approximately $4,081,188.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 907 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $135,442.31. Following the transaction, the insider now owns 6,253 shares of the company’s stock, valued at $933,760.49. The disclosure for this sale can be found here. Insiders sold a total of 289,321 shares of company stock worth $42,559,426 over the last three months. 0.26% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $136.21 on Friday. The stock has a 50-day simple moving average of $142.58 and a 200 day simple moving average of $147.19. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. The stock has a market capitalization of $324.93 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.49 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.68%. Procter & Gamble’s payout ratio is 62.82%.

Procter & Gamble Company Profile

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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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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