The Procter & Gamble Company (NYSE:PG) Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 14.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 818,430 shares of the company’s stock after purchasing an additional 103,839 shares during the quarter. Procter & Gamble accounts for approximately 2.9% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 4th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in Procter & Gamble were worth $124,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Axiom Financial Strategies LLC increased its position in shares of Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares during the last quarter. AMI Investment Management Inc. grew its position in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management grew its position in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC acquired a new position in Procter & Gamble in the 1st quarter valued at about $3,073,000. Finally, Wsfs Capital Management LLC grew its position in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after acquiring an additional 455 shares in the last quarter. 63.43% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $154.05 on Tuesday. The stock has a market cap of $363.14 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42. 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 stock has a 50 day moving average of $153.35 and a two-hundred day moving average of $150.37. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 6.38 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is currently 63.73%.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now owns 888 shares of the company’s stock, valued at $138,758.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,629 shares of the company’s stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were 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 directly owns 888 shares in the company, valued at approximately $138,758.88. The disclosure for this sale can be found here. Insiders have sold 106,607 shares of company stock valued at $16,523,793 over the last quarter. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PG. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Barclays boosted their price objective on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Morgan Stanley reissued an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.82.

Procter & Gamble Company 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.