Investment Partners LTD. Has $1.38 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Investment Partners LTD. raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,391 shares of the company’s stock after acquiring an additional 218 shares during the period. Investment Partners LTD.’s holdings in Procter & Gamble were worth $1,384,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Eagle Strategies LLC grew its holdings in Procter & Gamble by 134.8% during the 2nd quarter. Eagle Strategies LLC now owns 5,396 shares of the company’s stock worth $890,000 after acquiring an additional 3,098 shares during the last quarter. PFG Advisors increased its holdings in shares of Procter & Gamble by 77.6% in the second quarter. PFG Advisors now owns 36,447 shares of the company’s stock valued at $6,011,000 after purchasing an additional 15,922 shares in the last quarter. Bell Investment Advisors Inc raised its position in Procter & Gamble by 2.8% in the 2nd quarter. Bell Investment Advisors Inc now owns 3,050 shares of the company’s stock worth $503,000 after purchasing an additional 84 shares during the last quarter. Barings LLC acquired a new position in Procter & Gamble during the 2nd quarter worth $265,000. Finally, Achmea Investment Management B.V. lifted its holdings in Procter & Gamble by 12.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 225,266 shares of the company’s stock worth $37,151,000 after buying an additional 25,140 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PG shares. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, Citigroup boosted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.79.

Insider Activity

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble 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 in the company, valued at approximately $44,508,763.93. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock worth $63,829,141 over the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 2.2 %

NYSE:PG opened at $173.88 on Thursday. 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 business’s 50-day simple moving average is $169.01 and its 200-day simple moving average is $165.01. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The stock has a market capitalization of $410.38 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The company 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 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

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.