William B. Walkup & Associates Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

William B. Walkup & Associates Inc. purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 352 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Granite FO LLC bought a new position in Procter & Gamble during the 2nd quarter valued at $371,000. NewEdge Advisors LLC lifted its holdings in shares of Procter & Gamble by 5.8% in the second quarter. NewEdge Advisors LLC now owns 253,210 shares of the company’s stock valued at $41,760,000 after buying an additional 13,785 shares during the period. Silver Lake Advisory LLC boosted its stake in Procter & Gamble by 1.4% during the second quarter. Silver Lake Advisory LLC now owns 12,990 shares of the company’s stock valued at $2,142,000 after buying an additional 181 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in Procter & Gamble during the second quarter worth about $4,466,000. Finally, Doheny Asset Management CA acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $905,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.2 %

PG stock opened at $173.55 on Monday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The company has a fifty day simple moving average of $170.79 and a 200 day simple moving average of $166.20. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $409.60 billion, a PE ratio of 28.36, a PEG ratio of 3.76 and a beta of 0.41.

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. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The disclosure for this sale can be found here. In the last three months, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PG shares. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.89.

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.