Little House Capital LLC Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Little House Capital LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,459 shares of the company’s stock after selling 72 shares during the period. Little House Capital LLC’s holdings in Procter & Gamble were worth $1,230,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Legacy Capital Wealth Partners LLC increased its position in shares of Procter & Gamble by 58.9% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 5,398 shares of the company’s stock worth $890,000 after purchasing an additional 2,001 shares during the last quarter. Evermay Wealth Management LLC grew its position in Procter & Gamble by 10.0% in the 2nd quarter. Evermay Wealth Management LLC now owns 7,684 shares of the company’s stock valued at $1,267,000 after acquiring an additional 697 shares in the last quarter. Allegheny Financial Group LTD grew its position in Procter & Gamble by 7.0% in the 2nd quarter. Allegheny Financial Group LTD now owns 15,304 shares of the company’s stock valued at $2,524,000 after acquiring an additional 997 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV grew its position in Procter & Gamble by 9.0% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,370 shares of the company’s stock valued at $391,000 after acquiring an additional 195 shares in the last quarter. Finally, Hemington Wealth Management grew its position in Procter & Gamble by 4.3% in the 2nd quarter. Hemington Wealth Management now owns 2,959 shares of the company’s stock valued at $487,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.6 %

Shares of NYSE PG traded up $2.72 during mid-day trading on Tuesday, reaching $174.26. 2,433,151 shares of the company traded hands, compared to its average volume of 6,548,262. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market cap of $411.28 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. The company’s fifty day moving average is $167.55 and its two-hundred day moving average is $164.25. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $174.31.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. On average, analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.31%. Procter & Gamble’s payout ratio is 65.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PG shares. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup boosted their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock worth $63,829,141 in the last 90 days. 0.17% of the stock is owned by company insiders.

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.