Vigilant Capital Management LLC Lowers Stake in Procter & Gamble Co (NYSE:PG)

Vigilant Capital Management LLC lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 4.9% in the second quarter, Holdings Channel.com reports. The fund owned 19,991 shares of the company’s stock after selling 1,025 shares during the quarter. Vigilant Capital Management LLC’s holdings in Procter & Gamble were worth $2,192,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $36,000. Smart Portfolios LLC boosted its position in shares of Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after buying an additional 146 shares during the period. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $62,000. Stevens First Principles Investment Advisors boosted its position in shares of Procter & Gamble by 239.8% in the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock worth $63,000 after buying an additional 482 shares during the period. Finally, Advocacy Wealth Management Services LLC boosted its position in shares of Procter & Gamble by 301.3% in the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock worth $66,000 after buying an additional 452 shares during the period. 62.17% of the stock is owned by hedge funds and other institutional investors.

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.10, for a total transaction of $619,320.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven D. Bishop sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.38, for a total value of $3,161,400.00. Following the sale, the insider now owns 75,031 shares in the company, valued at approximately $7,906,766.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 247,335 shares of company stock worth $26,476,375. Insiders own 1.84% of the company’s stock.

Several brokerages have recently weighed in on PG. Deutsche Bank upped their target price on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, April 24th. Credit Suisse Group upped their target price on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday. Finally, Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $108.15.

Shares of NYSE:PG traded down $0.29 during trading on Friday, hitting $116.44. The company’s stock had a trading volume of 12,265,590 shares, compared to its average volume of 7,368,813. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 0.43. Procter & Gamble Co has a fifty-two week low of $78.49 and a fifty-two week high of $121.76. The firm’s 50-day simple moving average is $113.31. The stock has a market capitalization of $296.08 billion, a P/E ratio of 25.76, a PEG ratio of 3.54 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 22.92% and a net margin of 5.76%. The business had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Procter & Gamble Co will post 4.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

Procter & Gamble 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.

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

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