Worth Asset Management LLC Buys 150 Shares of The Procter & Gamble Company (NYSE:PG)

Worth Asset Management LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 28.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 673 shares of the company’s stock after acquiring an additional 150 shares during the period. Worth Asset Management LLC’s holdings in Procter & Gamble were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tevis Investment Management boosted its position in shares of Procter & Gamble by 0.5% during the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock worth $1,823,000 after purchasing an additional 64 shares during the period. Eagle Strategies LLC boosted its position in Procter & Gamble by 1.9% in the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after buying an additional 65 shares during the period. WealthTrust Asset Management LLC boosted its position in Procter & Gamble by 3.4% in the 1st quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after buying an additional 65 shares during the period. Exeter Financial LLC boosted its position in Procter & Gamble by 0.4% in the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after buying an additional 66 shares during the period. Finally, Diligent Investors LLC boosted its position in Procter & Gamble by 0.4% in the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock valued at $2,391,000 after buying an additional 66 shares during the period. Institutional investors own 63.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PG. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Bank of America raised their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and issued a $174.00 price objective on shares of Procter & Gamble in a report on Tuesday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $164.00 to $172.00 in a report on Friday, July 28th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.82.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $154.05 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44. The firm has a market capitalization of $363.14 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $158.38. The company’s fifty day moving average price is $153.35 and its 200 day moving average price is $150.37.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. Procter & Gamble’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a $0.9407 dividend. The ex-dividend date was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s dividend payout ratio is presently 63.73%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,629 shares of Procter & Gamble stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $157.19, for a total value of $1,985,152.51. Following the transaction, the insider now directly owns 13,051 shares in the company, valued at $2,051,486.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 12,629 shares of Procter & Gamble stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $157.19, for a total value of $1,985,152.51. Following the sale, the insider now owns 13,051 shares of the company’s stock, valued at $2,051,486.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,387 shares of Procter & Gamble stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the completion of the sale, the chief executive officer now directly owns 962 shares in the company, valued at approximately $150,908.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by company insiders.

Procter & Gamble Company 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.