TFB Advisors LLC Has $3.45 Million Stake in The Procter & Gamble Company (NYSE:PG)

TFB Advisors LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 22.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,140 shares of the company’s stock after purchasing an additional 3,866 shares during the period. Procter & Gamble comprises about 1.2% of TFB Advisors LLC’s investment portfolio, making the stock its 19th biggest position. TFB Advisors LLC’s holdings in Procter & Gamble were worth $3,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $3,956,117,000. Charles Schwab Investment Management Inc. boosted its position in shares of Procter & Gamble by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after acquiring an additional 206,165 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Procter & Gamble by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after acquiring an additional 559,358 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after acquiring an additional 246,323 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of several analyst reports. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Argus upped their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $1.07 during trading hours on Wednesday, reaching $166.73. 5,036,807 shares of the stock were exchanged, compared to its average volume of 6,528,171. The company has a market cap of $393.51 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The stock has a 50 day moving average of $165.97 and a two-hundred day moving average of $159.85.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period last year, the company posted $1.37 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 in the last quarter. 0.17% of the stock is owned by insiders.

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.