Godshalk Welsh Capital Management Inc. Buys 180 Shares of The Procter & Gamble Company (NYSE:PG)

Godshalk Welsh Capital Management Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,535 shares of the company’s stock after purchasing an additional 180 shares during the period. Procter & Gamble makes up 1.7% of Godshalk Welsh Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding. Godshalk Welsh Capital Management Inc.’s holdings in Procter & Gamble were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of PG. Callan Capital LLC boosted its stake in Procter & Gamble by 13.7% during the second quarter. Callan Capital LLC now owns 7,567 shares of the company’s stock worth $1,248,000 after acquiring an additional 913 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Procter & Gamble by 3.9% during the second quarter. Canada Pension Plan Investment Board now owns 5,706,199 shares of the company’s stock worth $941,066,000 after acquiring an additional 216,300 shares in the last quarter. Joseph Group Capital Management boosted its stake in Procter & Gamble by 20.3% during the second quarter. Joseph Group Capital Management now owns 19,821 shares of the company’s stock worth $3,269,000 after acquiring an additional 3,342 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Procter & Gamble by 62.4% during the second quarter. Benjamin Edwards Inc. now owns 8,863 shares of the company’s stock worth $1,462,000 after acquiring an additional 3,407 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Procter & Gamble by 11.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 1,296,690 shares of the company’s stock worth $213,850,000 after acquiring an additional 130,327 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PG. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Barclays decreased their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Evercore ISI boosted their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.16.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at approximately $44,508,763.93. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,553 shares of company stock valued at $63,829,141. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 1.4 %

PG stock opened at $171.54 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The firm’s 50-day moving average is $170.06 and its 200 day moving average is $165.59. The company has a market capitalization of $404.86 billion, a PE ratio of 28.03, a P/E/G ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.