Sei Investments Co. Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Sei Investments Co. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 852,073 shares of the company’s stock after acquiring an additional 29,746 shares during the period. Sei Investments Co.’s holdings in Procter & Gamble were worth $140,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Procter & Gamble in the second quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. grew its stake in shares of Procter & Gamble by 64.7% during the 1st 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 purchased a new stake in Procter & Gamble in the 2nd quarter worth about $34,000. Finally, Vima LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $35,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 1.6 %

Shares of NYSE:PG opened at $174.22 on Friday. The firm has a fifty day moving average of $170.21 and a 200 day moving average of $165.69. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.94. 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 firm has a market capitalization of $411.18 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for 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%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s payout ratio is 65.85%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Barclays reduced their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Royal Bank of Canada increased 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. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.16.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 10,623 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the completion of the sale, the chief operating officer now owns 23,890 shares of the company’s stock, valued at approximately $4,042,665.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. Corporate insiders own 0.17% of the company’s stock.

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.