Banque Cantonale Vaudoise Purchases 787 Shares of The Procter & Gamble Company (NYSE:PG)

Banque Cantonale Vaudoise lifted its position in The Procter & Gamble Company (NYSE:PG) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,029 shares of the company’s stock after buying an additional 787 shares during the quarter. Procter & Gamble comprises 0.6% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 26th largest holding. Banque Cantonale Vaudoise’s holdings in Procter & Gamble were worth $14,021,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Advantage Trust Co acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. lifted its holdings in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $33,000. Finally, POM Investment Strategies LLC acquired a new stake in Procter & Gamble in the 2nd quarter worth approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PG. Citigroup boosted their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus upped their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Evercore ISI upped their price target on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG traded up $1.51 during trading hours on Friday, reaching $171.54. The company had a trading volume of 7,301,617 shares, compared to its average volume of 6,572,756. The stock has a 50-day moving average of $167.48 and a two-hundred day moving average of $164.03. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.89. The firm has a market capitalization of $404.86 billion, a PE ratio of 28.03, a PEG ratio of 3.64 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

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 return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio 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.