Linscomb Wealth Inc. Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Linscomb Wealth Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,547 shares of the company’s stock after buying an additional 731 shares during the quarter. Procter & Gamble comprises 0.7% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 21st largest position. Linscomb Wealth Inc.’s holdings in Procter & Gamble were worth $12,789,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PG. Alera Investment Advisors LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock valued at $812,000 after purchasing an additional 60 shares during the last quarter. Hudson Value Partners LLC grew its stake in shares of Procter & Gamble by 4.1% during the second quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock worth $250,000 after acquiring an additional 60 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Procter & Gamble by 2.8% during the second quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock valued at $371,000 after acquiring an additional 61 shares in the last quarter. LCM Capital Management Inc raised its position in shares of Procter & Gamble by 1.1% in the 1st quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock valued at $925,000 after purchasing an additional 63 shares during the last quarter. Finally, Home Federal Bank of Tennessee boosted its stake in Procter & Gamble by 0.3% in the 2nd quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company’s stock worth $3,846,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Andre Schulten sold 13,041 shares of the stock in a transaction on Monday, August 26th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble 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 directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 1.0 %

PG opened at $177.83 on Wednesday. The company has a fifty day moving average of $168.80 and a two-hundred day moving average of $164.95. 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 fifty-two week low of $141.45 and a fifty-two week high of $177.94. The stock has a market capitalization of $419.70 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.81 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share 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 analysts’ expectations of $20.69 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid 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 2.26%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. 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 research note on Monday, July 22nd. Citigroup raised their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Barclays cut their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $175.79.

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.