The Procter & Gamble Company (NYSE:PG) Position Boosted by Montag A & Associates Inc.

Montag A & Associates Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,737 shares of the company’s stock after acquiring an additional 455 shares during the quarter. Montag A & Associates Inc.’s holdings in Procter & Gamble were worth $12,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PG. Norges Bank acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $3,956,117,000. Charles Schwab Investment Management Inc. boosted its stake in Procter & Gamble by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after purchasing an additional 206,165 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Procter & Gamble by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after acquiring an additional 559,358 shares during the period. Franklin Resources Inc. lifted its stake in shares of Procter & Gamble by 2.6% during the fourth quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after acquiring an additional 246,323 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Procter & Gamble by 17.1% in the fourth quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock valued at $1,390,963,000 after buying an additional 1,387,539 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock worth $25,413,051 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays increased their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Jefferies Financial Group lifted their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Citigroup lifted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $171.74.

Procter & Gamble Stock Performance

Shares of PG stock traded down $1.30 during trading on Monday, hitting $165.31. The company’s stock had a trading volume of 2,422,538 shares, compared to its average volume of 6,478,590. The company has a market cap of $390.15 billion, a PE ratio of 27.06, a P/E/G ratio of 3.20 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $166.11 and a 200-day moving average of $160.29. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the company posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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.