Jacobs & Co. CA Has $6.57 Million Stake in The Procter & Gamble Company (NYSE:PG)

Jacobs & Co. CA trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,272 shares of the company’s stock after selling 2,300 shares during the quarter. Jacobs & Co. CA’s holdings in Procter & Gamble were worth $6,566,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Worth Asset Management LLC grew its holdings in shares of Procter & Gamble by 28.7% during the second quarter. Worth Asset Management LLC now owns 673 shares of the company’s stock valued at $102,000 after buying an additional 150 shares during the last quarter. Buckingham Capital Management Inc. boosted its position in shares of Procter & Gamble by 4.4% during the second quarter. Buckingham Capital Management Inc. now owns 16,381 shares of the company’s stock valued at $2,486,000 after buying an additional 684 shares during the last quarter. Keystone Financial Planning Inc. raised its position in Procter & Gamble by 13.8% in the 2nd quarter. Keystone Financial Planning Inc. now owns 8,860 shares of the company’s stock valued at $1,344,000 after buying an additional 1,075 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in Procter & Gamble by 14.5% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 818,430 shares of the company’s stock valued at $124,188,000 after acquiring an additional 103,839 shares in the last quarter. Finally, Norway Savings Bank grew its stake in shares of Procter & Gamble by 1.5% in the 2nd quarter. Norway Savings Bank now owns 20,464 shares of the company’s stock worth $3,105,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Royal Bank of Canada upped their price target on Procter & Gamble from $165.00 to $167.00 and gave the company a “sector perform” rating in a research report on Monday, July 31st. William Blair began coverage on Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, Wells Fargo & Company boosted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.82.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,629 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $157.19, for a total value of $1,985,152.51. Following the completion of the transaction, the insider now owns 13,051 shares of the company’s stock, valued at $2,051,486.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,629 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $157.19, for a total transaction of $1,985,152.51. Following the completion of the transaction, the insider now owns 13,051 shares of the company’s stock, valued at approximately $2,051,486.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the sale, the chief accounting officer now owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

PG opened at $154.05 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38. The company has a market cap of $363.14 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The company’s 50 day moving average is $153.35 and its 200 day moving average is $150.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. 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 previous year, the company posted $1.21 earnings per share. Procter & Gamble’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 63.73%.

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.