Prossimo Advisors LLC Purchases Shares of 6,623 The Procter & Gamble Company (NYSE:PG)

Prossimo Advisors LLC acquired a new position in The Procter & Gamble Company (NYSE:PG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,623 shares of the company’s stock, valued at approximately $1,092,000. Procter & Gamble comprises about 1.0% of Prossimo Advisors LLC’s holdings, making the stock its 23rd largest holding.

Several other large investors have also recently modified their holdings of PG. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Procter & Gamble by 41.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,989 shares of the company’s stock valued at $731,000 after purchasing an additional 1,471 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter worth $33,000. Handelsbanken Fonder AB lifted its position in Procter & Gamble by 1.7% during the 4th quarter. Handelsbanken Fonder AB now owns 872,378 shares of the company’s stock worth $127,838,000 after acquiring an additional 14,251 shares during the period. Nikulski Financial Inc. grew its stake in Procter & Gamble by 6.0% during the 4th quarter. Nikulski Financial Inc. now owns 2,318 shares of the company’s stock valued at $340,000 after purchasing an additional 131 shares during the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $376,000. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, 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 transaction of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were 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 directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 84,389 shares of company stock valued at $14,373,932 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their price objective on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Argus upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Price Performance

PG stock traded down $0.25 during trading on Wednesday, hitting $170.16. The stock had a trading volume of 3,971,599 shares, compared to its average volume of 6,627,734. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.89. The company’s 50-day moving average price is $167.17 and its two-hundred day moving average price is $163.50. 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 $401.60 billion, a P/E ratio of 27.80, a PEG ratio of 3.66 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s payout ratio is 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.