Matthew Goff Investment Advisor LLC lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,716 shares of the company’s stock after buying an additional 621 shares during the period. Procter & Gamble comprises about 4.1% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 5th largest position. Matthew Goff Investment Advisor LLC’s holdings in Procter & Gamble were worth $9,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PG. Camarda Financial Advisors LLC raised its stake in shares of Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. SeaBridge Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $36,000. Smart Portfolios LLC raised its stake in shares of Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Procter & Gamble by 71.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after purchasing an additional 193 shares during the period. Finally, Intercontinental Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $62,000. 62.57% of the stock is currently owned by institutional investors.

In other news, CEO Steven D. Bishop sold 32,945 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $117.00, for a total value of $3,854,565.00. Following the completion of the transaction, the chief executive officer now directly owns 78,052 shares in the company, valued at approximately $9,132,084. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. Insiders sold a total of 316,677 shares of company stock valued at $37,212,287 over the last quarter. Company insiders own 1.84% of the company’s stock.

Procter & Gamble stock opened at $119.35 on Thursday. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $121.76. The business has a 50-day simple moving average of $115.80 and a 200 day simple moving average of $107.07. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a market cap of $300.87 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.48 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, July 18th. Procter & Gamble’s payout ratio is currently 65.93%.

PG has been the topic of a number of analyst reports. SunTrust Banks boosted their price objective on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Credit Suisse Group boosted their target price on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. Barclays upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $108.15.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: When can a hold rating present a buying opportunity?

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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