Applied Capital LLC FL Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Applied Capital LLC FL grew its holdings in The Procter & Gamble Company (NYSE:PG) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,992 shares of the company’s stock after buying an additional 190 shares during the period. Procter & Gamble makes up 1.6% of Applied Capital LLC FL’s portfolio, making the stock its 22nd largest holding. Applied Capital LLC FL’s holdings in Procter & Gamble were worth $1,946,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Advantage Trust Co purchased a new position in Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $29,000. Naples Money Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at about $33,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Argus upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Up 0.7 %

PG opened at $163.93 on Wednesday. The stock has a market capitalization of $386.90 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The business has a 50-day moving average of $165.65 and a two-hundred day moving average of $159.01.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. On average, research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Activity at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by company insiders.

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.