The Procter & Gamble Company (NYSE:PG) Shares Acquired by Berman Capital Advisors LLC

Berman Capital Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,488 shares of the company’s stock after acquiring an additional 1,358 shares during the quarter. Berman Capital Advisors LLC’s holdings in The Procter & Gamble were worth $1,818,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Transform Wealth LLC boosted its position in shares of The Procter & Gamble by 38.0% during the 2nd quarter. Transform Wealth LLC now owns 10,679 shares of the company’s stock worth $1,441,000 after acquiring an additional 2,940 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of The Procter & Gamble by 5.0% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 57,853 shares of the company’s stock worth $7,806,000 after acquiring an additional 2,751 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of The Procter & Gamble by 7.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 390,984 shares of the company’s stock valued at $52,951,000 after purchasing an additional 26,537 shares during the period. Principle Wealth Partners LLC boosted its position in shares of The Procter & Gamble by 9.3% in the 1st quarter. Principle Wealth Partners LLC now owns 78,781 shares of the company’s stock valued at $10,669,000 after purchasing an additional 6,720 shares during the period. Finally, Mastrapasqua Asset Management Inc. boosted its position in shares of The Procter & Gamble by 2.8% in the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 74,622 shares of the company’s stock valued at $10,069,000 after purchasing an additional 2,044 shares during the period. 62.51% of the stock is owned by institutional investors and hedge funds.

PG has been the subject of a number of research analyst reports. Evercore ISI reissued a “buy” rating and issued a $163.00 target price on shares of The Procter & Gamble in a research report on Sunday, September 12th. Citigroup upped their target price on The Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, August 2nd. Zacks Investment Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Tuesday, July 20th. Erste Group raised The Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, August 20th. Finally, Credit Suisse Group upped their target price on The Procter & Gamble from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 2nd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $151.63.

In other news, insider Mary Theresa Grabowski sold 15,539 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $143.00, for a total value of $2,222,077.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carolyn M. Tastad sold 7,772 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $141.77, for a total value of $1,101,836.44. The disclosure for this sale can be found here. Insiders sold 748,024 shares of company stock valued at $106,760,698 in the last quarter. 0.51% of the stock is currently owned by company insiders.

NYSE:PG traded up $0.92 during trading hours on Wednesday, hitting $144.03. The company’s stock had a trading volume of 89,723 shares, compared to its average volume of 7,995,321. The business’s 50-day moving average is $142.56 and its two-hundred day moving average is $137.33. The company has a market capitalization of $349.75 billion, a PE ratio of 26.16, a PEG ratio of 3.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.52 and a current ratio of 0.70. The Procter & Gamble Company has a 52-week low of $121.54 and a 52-week high of $147.23.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The firm had revenue of $18.95 billion during the quarter, compared to analysts’ expectations of $18.38 billion. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The Procter & Gamble’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Friday, July 23rd were given a $0.8698 dividend. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, July 22nd. This represents a $3.48 annualized dividend and a yield of 2.42%. The Procter & Gamble’s dividend payout ratio is presently 61.48%.

The Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also: Trading Strategy Methods for Individual Investors

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:PG).

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

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