HCR Wealth Advisors Increases Stake in Procter & Gamble Co (NYSE:PG)

HCR Wealth Advisors raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,020 shares of the company’s stock after buying an additional 216 shares during the period. HCR Wealth Advisors’ holdings in Procter & Gamble were worth $1,920,000 at the end of the most recent quarter.

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

A number of brokerages have recently issued reports on PG. Bank of America reissued a “buy” rating and issued a $135.00 price objective on shares of Procter & Gamble in a research note on Saturday, April 18th. Deutsche Bank increased their price objective on shares of Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. SunTrust Banks upped their target price on shares of Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group upped their target price on shares of Procter & Gamble from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $133.67.

In other news, CFO Jon R. Moeller sold 130,626 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $115.47, for a total transaction of $3,464,100.00. The disclosure for this sale can be found here. Insiders sold a total of 1,570,603 shares of company stock valued at $179,504,390 in the last 90 days. Company insiders own 1.75% of the company’s stock.

PG stock traded down $0.30 during trading on Friday, hitting $131.12. 8,487,840 shares of the company’s stock traded hands, compared to its average volume of 6,081,513. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $132.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.66 and a current ratio of 0.85. The business has a fifty day simple moving average of $121.39 and a 200 day simple moving average of $119.14. The stock has a market capitalization of $324.61 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.43 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The business had revenue of $17.70 billion during the quarter, compared to analyst estimates of $16.97 billion. During the same quarter last year, the business earned $1.10 earnings per share. Procter & Gamble’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that Procter & Gamble Co will post 5.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders 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 dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

Procter & Gamble Company Profile

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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