KCM Investment Advisors LLC trimmed its position in Procter & Gamble Co (NYSE:PG) by 22.8% in the second quarter, HoldingsChannel.com reports. The firm owned 200,471 shares of the company’s stock after selling 59,227 shares during the quarter. Procter & Gamble comprises approximately 1.0% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. KCM Investment Advisors LLC’s holdings in Procter & Gamble were worth $15,649,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Ridgewood Investments LLC lifted its position in shares of Procter & Gamble by 14.1% during the 2nd quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock valued at $394,000 after acquiring an additional 623 shares during the last quarter. Hutner Capital Management Inc. lifted its position in shares of Procter & Gamble by 0.9% during the 2nd quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock valued at $5,942,000 after acquiring an additional 645 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 5.6% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock valued at $979,000 after acquiring an additional 661 shares during the last quarter. American Asset Management Inc. lifted its position in shares of Procter & Gamble by 16.6% during the 2nd quarter. American Asset Management Inc. now owns 4,673 shares of the company’s stock valued at $365,000 after acquiring an additional 666 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its holdings in shares of Procter & Gamble by 3.6% in the second quarter. Institute for Wealth Management LLC. now owns 19,342 shares of the company’s stock valued at $1,514,000 after purchasing an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 58.78% of the company’s stock.
NYSE PG opened at $93.55 on Friday. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $94.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. The firm has a market capitalization of $235.23 billion, a PE ratio of 22.17, a P/E/G ratio of 3.06 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Procter & Gamble’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Procter & Gamble Co will post 4.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
PG has been the subject of a number of research analyst reports. Deutsche Bank increased their target price on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Wells Fargo & Co restated a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Atlantic Securities initiated coverage on Procter & Gamble in a report on Thursday, September 20th. They issued an “overweight” rating and a $94.00 target price for the company. Finally, Bank of America increased their target price on Procter & Gamble from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $88.38.
In other news, Vice Chairman Jon R. Moeller sold 228,905 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total value of $21,031,791.40. Following the transaction, the insider now directly owns 209,033 shares of the company’s stock, valued at $19,205,952.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Juan Fernando Posada sold 1,068 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $93.66, for a total transaction of $100,028.88. Following the completion of the transaction, the insider now directly owns 26,739 shares in the company, valued at $2,504,374.74. The disclosure for this sale can be found here. Insiders sold 502,927 shares of company stock worth $46,437,282 over the last ninety days. 1.84% of the stock is currently owned by company insiders.
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Procter & Gamble Company Profile
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.
See Also: Systematic Risk
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