Tarbox Family Office Inc. increased its stake in shares of Procter & Gamble Co (NYSE:PG) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,749 shares of the company’s stock after acquiring an additional 208 shares during the quarter. Tarbox Family Office Inc.’s holdings in Procter & Gamble were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc grew its holdings in shares of Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after acquiring an additional 12,038 shares during the period. Bellecapital International Ltd. grew its holdings in Procter & Gamble by 19.0% during the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after purchasing an additional 1,025 shares during the period. Accurate Investment Solutions Inc. grew its holdings in Procter & Gamble by 0.9% during the second quarter. Accurate Investment Solutions Inc. now owns 44,502 shares of the company’s stock valued at $4,880,000 after purchasing an additional 385 shares during the period. Curbstone Financial Management Corp grew its holdings in Procter & Gamble by 4.2% during the second quarter. Curbstone Financial Management Corp now owns 26,168 shares of the company’s stock valued at $2,869,000 after purchasing an additional 1,050 shares during the period. Finally, Coastal Investment Advisors Inc. grew its holdings in Procter & Gamble by 167.9% during the second quarter. Coastal Investment Advisors Inc. now owns 29,241 shares of the company’s stock valued at $3,212,000 after purchasing an additional 18,325 shares during the period. Hedge funds and other institutional investors own 62.57% of the company’s stock.

Shares of Procter & Gamble stock traded up $0.03 during trading hours on Wednesday, hitting $118.93. The company’s stock had a trading volume of 646,793 shares, compared to its average volume of 9,110,868. The business has a 50 day moving average price of $115.63 and a two-hundred day moving average price of $106.96. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $121.76. The company has a market cap of $298.22 billion, a PE ratio of 26.31, a PEG ratio of 3.45 and a beta of 0.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s payout ratio is 65.93%.

Several research firms have issued reports on PG. Credit Suisse Group boosted their price target on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Deutsche Bank boosted their price target on Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a report on Monday, June 17th. UBS Group set a $122.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, DZ Bank reissued a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $108.15.

In related news, Chairman David S. Taylor sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $106.83, for a total value of $2,136,600.00. Following the sale, the chairman now directly owns 246,837 shares in the company, valued at $26,369,596.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $116.00, for a total value of $4,295,132.00. Following the completion of the sale, the chief executive officer now owns 112,703 shares in the company, valued at $13,073,548. The disclosure for this sale can be found here. Insiders sold 253,747 shares of company stock worth $29,661,946 over the last 90 days. Company insiders own 1.84% of the company’s stock.

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.

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

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