Chilton Capital Management LLC Has $26.02 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Chilton Capital Management LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,794 shares of the company’s stock after selling 1,173 shares during the quarter. Procter & Gamble comprises 1.2% of Chilton Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Chilton Capital Management LLC’s holdings in Procter & Gamble were worth $26,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the fourth quarter worth $31,000. Ruedi Wealth Management Inc. boosted its stake in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $33,000. Finally, POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Citigroup upped their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Trading Up 0.9 %

NYSE:PG traded up $1.51 on Monday, hitting $171.54. 7,301,600 shares of the stock were exchanged, compared to its average volume of 6,572,757. The stock has a market capitalization of $404.86 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89. The company’s 50-day moving average price is $167.48 and its 200 day moving average price is $164.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

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.