Capital Investment Advisors LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Capital Investment Advisors LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 21.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,994 shares of the company’s stock after buying an additional 48,604 shares during the quarter. Procter & Gamble comprises about 1.3% of Capital Investment Advisors LLC’s holdings, making the stock its 15th biggest holding. Capital Investment Advisors LLC’s holdings in Procter & Gamble were worth $41,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the last quarter. Norges Bank acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $3,752,321,000. Price T Rowe Associates Inc. MD raised its position in Procter & Gamble by 42.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,386,838 shares of the company’s stock valued at $3,626,080,000 after purchasing an additional 7,235,990 shares during the last quarter. Morgan Stanley boosted its stake in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Finally, Alliancebernstein L.P. grew its position in Procter & Gamble by 43.9% during the 4th quarter. Alliancebernstein L.P. now owns 9,462,510 shares of the company’s stock worth $1,434,138,000 after purchasing an additional 2,888,007 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

NYSE:PG opened at $154.05 on Tuesday. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.38. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $153.35 and a 200-day simple moving average of $150.37. The company has a market capitalization of $363.14 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The company had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Bank of America boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.82.

Insider Activity

In related news, CEO R. Alexandra Keith sold 781 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the completion of the transaction, the chief executive officer now owns 6,310 shares of the company’s stock, valued at approximately $964,294.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 806 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $152.85, for a total value of $123,197.10. Following the completion of the transaction, the chief financial officer now directly owns 28,373 shares in the company, valued at approximately $4,336,813.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 781 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total value of $119,352.42. Following the sale, the chief executive officer now owns 6,310 shares in the company, valued at approximately $964,294.20. The disclosure for this sale can be found here. Insiders have sold 106,607 shares of company stock worth $16,523,793 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company 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.