Homrich & Berg Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Homrich & Berg grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,767 shares of the company’s stock after buying an additional 1,776 shares during the period. The Procter & Gamble accounts for about 0.4% of Homrich & Berg’s holdings, making the stock its 22nd largest holding. Homrich & Berg’s holdings in The Procter & Gamble were worth $14,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Allied Investment Advisors LLC increased its position in shares of The Procter & Gamble by 3.8% during the first quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock worth $5,972,000 after purchasing an additional 1,601 shares in the last quarter. New England Investment & Retirement Group Inc. acquired a new stake in shares of The Procter & Gamble during the first quarter worth about $2,481,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Procter & Gamble by 0.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 950,534 shares of the company’s stock worth $128,731,000 after purchasing an additional 8,664 shares in the last quarter. We Are One Seven LLC increased its position in The Procter & Gamble by 12.5% in the 1st quarter. We Are One Seven LLC now owns 11,552 shares of the company’s stock valued at $1,564,000 after acquiring an additional 1,279 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in The Procter & Gamble by 17.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 39,894 shares of the company’s stock valued at $5,403,000 after acquiring an additional 5,948 shares during the period. 62.86% of the stock is owned by institutional investors.

Several brokerages recently issued reports on PG. restated a “neutral” rating and issued a $150.00 price target (down previously from $165.00) on shares of The Procter & Gamble in a research report on Tuesday, April 27th. Zacks Investment Research upgraded The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, April 16th. Citigroup cut The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 21st. Finally, Morgan Stanley lowered their price objective on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, April 19th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The Procter & Gamble presently has an average rating of “Buy” and an average price target of $148.88.

Shares of NYSE:PG traded down $1.28 during trading on Thursday, hitting $137.92. 206,569 shares of the stock were exchanged, compared to its average volume of 7,189,383. The company has a fifty day simple moving average of $136.03. The company has a market capitalization of $337.66 billion, a P/E ratio of 25.64, a PEG ratio of 3.36 and a beta of 0.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.71. The Procter & Gamble Company has a 12-month low of $121.54 and a 12-month high of $146.92.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The Procter & Gamble had a return on equity of 31.71% and a net margin of 18.97%. The business had revenue of $18.10 billion for the quarter, compared to analyst estimates of $18 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 5.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 16th. Shareholders of record on Friday, July 23rd will be issued a $0.8698 dividend. The ex-dividend date is Thursday, July 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.66. This represents a $3.48 annualized dividend and a yield of 2.52%. The Procter & Gamble’s payout ratio is 67.97%.

In other news, COO Jon R. Moeller sold 132,151 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $134.61, for a total transaction of $17,788,846.11. Following the completion of the sale, the chief operating officer now directly owns 253,823 shares in the company, valued at approximately $34,167,114.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 3,000 shares of the company’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $135.00, for a total value of $405,000.00. Following the sale, the chief executive officer now owns 308,563 shares of the company’s stock, valued at $41,656,005. The disclosure for this sale can be found here. Insiders sold a total of 2,193,740 shares of company stock valued at $295,603,005 over the last quarter. 0.70% of the stock is currently owned by insiders.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Featured Article: Trading Halts Explained

Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.