Nilsine Partners LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Nilsine Partners LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,891 shares of the company’s stock after purchasing an additional 434 shares during the quarter. Nilsine Partners LLC’s holdings in Procter & Gamble were worth $1,137,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $3,956,117,000. TD Asset Management Inc increased its holdings in Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after purchasing an additional 1,907,716 shares during the last quarter. Swedbank AB purchased a new stake in Procter & Gamble during the 1st quarter worth approximately $233,788,000. Ilex Capital Partners UK LLP purchased a new stake in Procter & Gamble during the 1st quarter worth approximately $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Procter & Gamble by 32.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after purchasing an additional 1,385,146 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

PG stock traded up $1.51 during trading on Friday, reaching $171.54. 7,301,617 shares of the company’s stock were exchanged, compared to its average volume of 6,188,285. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $171.89. The company’s fifty day moving average price is $167.48 and its 200-day moving average price is $164.08. The firm has a market cap of $404.86 billion, a PE ratio of 28.03, a P/E/G ratio of 3.72 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 (EPS) for the quarter, topping 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 company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,553 shares of company stock valued at $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PG shares. BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Royal Bank of Canada lifted their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI lifted their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Eight research 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.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

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.