One Capital Management LLC Increases Position in The Procter & Gamble Company (NYSE:PG)

One Capital Management LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 13.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 65,641 shares of the company’s stock after purchasing an additional 7,811 shares during the period. One Capital Management LLC’s holdings in Procter & Gamble were worth $10,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. increased its stake in Procter & Gamble by 7.7% in the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in Procter & Gamble by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after acquiring an additional 6,390 shares in the last quarter. Fiera Capital Corp lifted its position in Procter & Gamble by 4.9% in the fourth quarter. Fiera Capital Corp now owns 1,453 shares of the company’s stock valued at $213,000 after acquiring an additional 68 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in Procter & Gamble by 4.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,563 shares of the company’s stock valued at $522,000 after acquiring an additional 140 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its position in shares of Procter & Gamble by 11.8% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 35,932 shares of the company’s stock worth $5,265,000 after purchasing an additional 3,786 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock worth $63,829,141 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Trading Up 0.4 %

Shares of PG opened at $174.08 on Monday. The firm’s 50-day moving average is $169.38 and its two-hundred day moving average is $165.24. The firm has a market capitalization of $410.85 billion, a P/E ratio of 28.44, a PEG ratio of 3.77 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.94.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS 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 for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the business earned $1.37 earnings per share. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

Several research firms have commented on PG. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup raised their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, TD Cowen began coverage on Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus 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.