The Procter & Gamble Company (NYSE:PG) Holdings Raised by Lincoln National Corp

Lincoln National Corp boosted its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 14.4% in the first quarter, Holdings Channel reports. The institutional investor owned 266,230 shares of the company’s stock after acquiring an additional 33,502 shares during the quarter. Procter & Gamble makes up approximately 0.8% of Lincoln National Corp’s holdings, making the stock its 24th largest position. Lincoln National Corp’s holdings in Procter & Gamble were worth $40,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Lansing Street Advisors bought a new position in Procter & Gamble in the 1st quarter worth $37,000. Western Pacific Wealth Management LP bought a new position in Procter & Gamble in the 4th quarter worth $40,000. Retirement Group LLC raised its holdings in Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares during the period. IAG Wealth Partners LLC raised its holdings in Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares during the period. Finally, Delos Wealth Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth $50,000. Institutional investors own 63.64% of the company’s stock.

Procter & Gamble Trading Up 0.0 %

PG opened at $144.72 on Friday. The company’s 50 day moving average is $142.90 and its 200-day moving average is $151.06. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49. The company has a market cap of $347.23 billion, a P/E ratio of 24.91, a PEG ratio of 4.00 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The company had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be issued a $0.913 dividend. The ex-dividend date is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at approximately $580,770.24. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PG. Raymond James raised their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Barclays decreased their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. UBS Group reduced their price target on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.93.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Featured Stories

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.