2,409 Shares in Procter & Gamble Co (NYSE:PG) Bought by Cary Street Partner Investment Advisory LLC

Cary Street Partner Investment Advisory LLC purchased a new position in Procter & Gamble Co (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,409 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors have also recently made changes to their positions in PG. Morgan Stanley grew its holdings in Procter & Gamble by 54.8% in the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock worth $2,297,142,000 after acquiring an additional 7,392,929 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Procter & Gamble by 72.2% in the 1st quarter. Janus Henderson Group PLC now owns 10,768,053 shares of the company’s stock worth $1,184,519,000 after acquiring an additional 4,515,204 shares during the last quarter. Franklin Resources Inc. grew its holdings in Procter & Gamble by 66.4% in the 1st quarter. Franklin Resources Inc. now owns 10,508,172 shares of the company’s stock worth $1,155,899,000 after acquiring an additional 4,191,966 shares during the last quarter. Wellington Management Group LLP grew its holdings in Procter & Gamble by 10.2% in the 1st quarter. Wellington Management Group LLP now owns 28,092,901 shares of the company’s stock worth $3,090,220,000 after acquiring an additional 2,609,549 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Procter & Gamble by 20.0% in the 1st quarter. Alliancebernstein L.P. now owns 12,781,490 shares of the company’s stock worth $1,405,964,000 after acquiring an additional 2,133,631 shares during the last quarter. 63.33% of the stock is currently owned by institutional investors and hedge funds.

NYSE PG traded up $0.26 during trading hours on Thursday, reaching $135.72. 263,301 shares of the company’s stock traded hands, compared to its average volume of 9,131,740. Procter & Gamble Co has a 52-week low of $94.34 and a 52-week high of $135.97. The firm has a market cap of $331.22 billion, a PE ratio of 27.33, a PEG ratio of 3.34 and a beta of 0.46. The firm has a 50-day simple moving average of $124.72 and a 200 day simple moving average of $119.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Sell-side analysts forecast that Procter & Gamble Co will post 5.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be issued a $0.7907 dividend. The ex-dividend date is Thursday, July 23rd. This represents a $3.16 annualized dividend and a yield of 2.33%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In other Procter & Gamble news, CFO Jon R. Moeller sold 130,626 shares of Procter & Gamble stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $116.37, for a total value of $15,200,947.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 404,714 shares of Procter & Gamble stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the completion of the transaction, the director now directly owns 3,891 shares of the company’s stock, valued at $439,721.91. The disclosure for this sale can be found here. Insiders sold 670,952 shares of company stock valued at $78,308,456 over the last ninety days. Corporate insiders own 1.75% of the company’s stock.

A number of equities research analysts have issued reports on PG shares. Barclays reissued a “buy” rating on shares of Procter & Gamble in a report on Sunday, August 2nd. SunTrust Banks lifted their target price on shares of Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Bank of America reaffirmed a “buy” rating and set a $135.00 target price on shares of Procter & Gamble in a research note on Saturday, April 18th. Citigroup lifted their target price on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.67.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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