The Procter & Gamble Company (NYSE:PG) Shares Purchased by Transcendent Capital Group LLC

Transcendent Capital Group LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 94.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 411 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Transcendent Capital Group LLC’s holdings in Procter & Gamble were worth $67,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Alera Investment Advisors LLC increased its position in Procter & Gamble by 1.2% in the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock valued at $812,000 after acquiring an additional 60 shares during the period. Demars Financial Group LLC increased its position in Procter & Gamble by 4.4% in the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after acquiring an additional 63 shares during the period. LCM Capital Management Inc increased its position in 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 acquiring an additional 63 shares during the period. Emerald Advisors LLC boosted its stake in Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its stake in Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after purchasing an additional 65 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE:PG traded up $0.84 during midday trading on Monday, hitting $169.95. 6,794,950 shares of the stock were exchanged, compared to its average volume of 6,494,498. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92. The business’s fifty day simple moving average is $166.40 and its two-hundred day simple moving average is $161.67. The company has a market capitalization of $401.11 billion, a PE ratio of 27.82, a P/E/G ratio of 3.18 and a beta of 0.41.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $170.00 to $181.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Citigroup raised their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $174.29.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at $6,080,172.92. The disclosure for this sale can be found here. Insiders have sold a total of 125,320 shares of company stock worth $20,696,223 over the last three months. Corporate insiders own 0.17% of the company’s stock.

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.