Kowal Investment Group LLC Increases Position in The Procter & Gamble Company (NYSE:PG)

Kowal Investment Group LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,850 shares of the company’s stock after buying an additional 744 shares during the quarter. Procter & Gamble makes up 0.5% of Kowal Investment Group LLC’s holdings, making the stock its 28th largest holding. Kowal Investment Group LLC’s holdings in Procter & Gamble were worth $2,614,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Procter & Gamble by 9.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 112,097 shares of the company’s stock worth $18,487,000 after acquiring an additional 9,415 shares during the period. Westwood Holdings Group Inc. boosted its stake in Procter & Gamble by 9.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after purchasing an additional 705 shares during the period. Asset Management Group Inc. grew its holdings in Procter & Gamble by 0.5% during the 2nd quarter. Asset Management Group Inc. now owns 13,606 shares of the company’s stock valued at $2,244,000 after buying an additional 69 shares in the last quarter. TPG Advisors LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $204,000. Finally, Kiely Wealth Advisory Group Inc. lifted its holdings in shares of Procter & Gamble by 12.3% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 1,808 shares of the company’s stock worth $309,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PG shares. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Finally, Barclays decreased their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Seven equities 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 company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $176.16.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $174.22 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The company’s 50-day moving average is $170.21 and its 200 day moving average is $165.74. The firm has a market capitalization of $411.18 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during 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%. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is presently 65.69%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were 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 $1,902,451.30. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 in the last 90 days. 0.17% of the stock is owned by corporate 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.