Brookstone Capital Management grew its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 5.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 57,284 shares of the company’s stock after acquiring an additional 2,883 shares during the period. Brookstone Capital Management’s holdings in Procter & Gamble were worth $8,524,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its stake in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $3,752,321,000. Price T Rowe Associates Inc. MD boosted its position in shares of Procter & Gamble by 42.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,386,838 shares of the company’s stock worth $3,626,080,000 after buying an additional 7,235,990 shares during the period. Morgan Stanley grew its holdings in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Procter & Gamble by 43.9% during the fourth quarter. Alliancebernstein L.P. now owns 9,462,510 shares of the company’s stock valued at $1,434,138,000 after buying an additional 2,888,007 shares during the period. 63.43% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
PG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Procter & Gamble from $164.00 to $172.00 in a research report on Friday, July 28th. Wells Fargo & Company lifted their target price 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. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Stifel Nicolaus lifted their price objective on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.82.
Procter & Gamble Stock Performance
PG opened at $154.05 on Tuesday. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38. The firm has a market capitalization of $363.14 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42. The stock’s 50 day moving average price is $153.35 and its two-hundred day moving average price is $150.37. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.
Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating 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 business had revenue of $20.60 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.38 earnings per share for the current year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s dividend payout ratio is presently 63.73%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42. Following the sale, the chief executive officer now owns 6,310 shares in the company, valued at $964,294.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 781 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42. Following the completion of the transaction, the chief executive officer now owns 6,310 shares in the company, valued at $964,294.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,094 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the sale, the chief executive officer now owns 36,896 shares in the company, valued at $5,681,984. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by corporate insiders.
Procter & Gamble 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.
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