Chicago Capital LLC Has $4.39 Million Stake in Procter & Gamble Co (NYSE:PG)

Chicago Capital LLC raised its stake in Procter & Gamble Co (NYSE:PG) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,748 shares of the company’s stock after buying an additional 618 shares during the quarter. Chicago Capital LLC’s holdings in Procter & Gamble were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Fundamentun LLC lifted its holdings in shares of Procter & Gamble by 43.7% during the 1st quarter. Fundamentun LLC now owns 17,919 shares of the company’s stock valued at $1,971,000 after purchasing an additional 5,450 shares in the last quarter. Motco lifted its holdings in shares of Procter & Gamble by 6.4% during the 1st quarter. Motco now owns 3,843 shares of the company’s stock valued at $422,000 after purchasing an additional 230 shares in the last quarter. First Command Bank lifted its holdings in shares of Procter & Gamble by 41.0% during the 2nd quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 6,970 shares in the last quarter. Ziegler Capital Management LLC bought a new position in shares of Procter & Gamble during the 1st quarter valued at about $6,181,000. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Procter & Gamble by 3.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after purchasing an additional 162 shares in the last quarter. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PG opened at $131.12 on Friday. The firm has a market capitalization of $325.35 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.42. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $132.03. The stock’s 50 day moving average price is $121.39 and its two-hundred day moving average price is $119.14. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.15. The firm had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. Procter & Gamble had a return on equity of 29.38% and a net margin of 18.36%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. As a group, analysts anticipate that Procter & Gamble Co will post 5.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, July 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

Several equities analysts have recently weighed in on PG shares. Citigroup lifted their price objective on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a report on Monday, April 20th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a report on Monday, July 27th. Stifel Nicolaus lifted their target price on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Bank of America reissued a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a research report on Saturday, April 18th. Finally, Deutsche Bank lifted their target price on Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $133.67.

In related news, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $115.47, for a total transaction of $3,464,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jon R. Moeller sold 130,626 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $116.37, for a total value of $15,200,947.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,570,603 shares of company stock worth $179,504,390 in the last ninety days. Insiders own 1.75% of the company’s stock.

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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