The Procter & Gamble Company (NYSE:PG) is Wealth Dimensions Group Ltd.’s 3rd Largest Position

Wealth Dimensions Group Ltd. grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,673 shares of the company’s stock after purchasing an additional 11,247 shares during the quarter. Procter & Gamble makes up about 7.7% of Wealth Dimensions Group Ltd.’s investment portfolio, making the stock its 3rd biggest position. Wealth Dimensions Group Ltd.’s holdings in Procter & Gamble were worth $27,158,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Black Diamond Financial LLC boosted its position in shares of Procter & Gamble by 13.2% in the second quarter. Black Diamond Financial LLC now owns 3,480 shares of the company’s stock worth $574,000 after acquiring an additional 407 shares during the last quarter. Capital Wealth Planning LLC boosted its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. Capital Wealth Planning LLC now owns 2,952,455 shares of the company’s stock valued at $486,919,000 after purchasing an additional 34,315 shares during the last quarter. Abound Wealth Management grew its stake in shares of Procter & Gamble by 7.7% during the 2nd quarter. Abound Wealth Management now owns 1,950 shares of the company’s stock valued at $322,000 after buying an additional 139 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth $44,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Procter & Gamble by 4.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock worth $58,467,000 after buying an additional 13,533 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $174.08 on Monday. The firm has a market cap of $410.85 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The firm’s 50-day simple moving average is $169.38 and its 200-day simple moving average is $165.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $1.37 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the firm’s 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 transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value 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. Also, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. In the last three months, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Barclays dropped their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada raised their target price on shares of 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, BNP Paribas initiated coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.79.

About Procter & Gamble

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.