Savant Capital LLC Buys 33,313 Shares of The Procter & Gamble Company (NYSE:PG)

Savant Capital LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 21.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,208 shares of the company’s stock after acquiring an additional 33,313 shares during the period. Savant Capital LLC’s holdings in Procter & Gamble were worth $31,534,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. POM Investment Strategies LLC bought a new position in Procter & Gamble during the second quarter valued at approximately $34,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Vima LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $35,000. Finally, Redmont Wealth Advisors LLC bought a new position in Procter & Gamble during the first quarter valued at approximately $42,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. TD Cowen assumed coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. Evercore ISI increased their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, Citigroup upped their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value of $1,458,045.80. Following the completion of the sale, the insider now 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 can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.1 %

Shares of NYSE PG opened at $175.59 on Friday. 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 business’s 50 day moving average price is $168.26 and its 200-day moving average price is $164.65. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.04. The company has a market cap of $414.42 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 3.72 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

About Procter & Gamble

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.