ExodusPoint Capital Management LP Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

ExodusPoint Capital Management LP increased its stake in The Procter & Gamble Company (NYSE:PG) by 688.7% in the second quarter, Holdings Channel reports. The institutional investor owned 213,063 shares of the company’s stock after acquiring an additional 186,049 shares during the period. ExodusPoint Capital Management LP’s holdings in Procter & Gamble were worth $32,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brandywine Managers LLC purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $22,326,000. BSW Wealth Partners lifted its position in shares of Procter & Gamble by 0.5% during the first quarter. BSW Wealth Partners now owns 27,813 shares of the company’s stock worth $4,136,000 after purchasing an additional 132 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Procter & Gamble by 7.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 28,061 shares of the company’s stock valued at $4,258,000 after purchasing an additional 1,855 shares during the period. Advisor Partners II LLC grew its holdings in shares of Procter & Gamble by 2.7% in the first quarter. Advisor Partners II LLC now owns 114,256 shares of the company’s stock worth $16,987,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Procter & Gamble by 1.4% in the 2nd quarter. Signaturefd LLC now owns 58,776 shares of the company’s stock worth $8,919,000 after buying an additional 806 shares during the period. 63.43% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.7 %

Shares of PG traded down $1.01 during mid-day trading on Monday, hitting $150.06. 1,892,174 shares of the company traded hands, compared to its average volume of 6,205,175. The business has a 50 day moving average of $149.28 and a 200 day moving average of $150.65. The company has a market capitalization of $353.67 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.67 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $158.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The business had revenue of $21.87 billion for the quarter, compared to analyst estimates of $21.58 billion. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. Procter & Gamble’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 6.42 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is presently 61.04%.

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 188 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $148.52, for a total value of $27,921.76. Following the transaction, the chief accounting officer now owns 626 shares in the company, valued at approximately $92,973.52. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Andre Schulten sold 40,298 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the sale, the chief financial officer now owns 36,460 shares in the company, valued at $5,491,240.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 188 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $148.52, for a total value of $27,921.76. Following the sale, the chief accounting officer now owns 626 shares in the company, valued at $92,973.52. The disclosure for this sale can be found here. Insiders sold a total of 96,088 shares of company stock worth $14,565,908 over the last three months. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PG. Bank of America upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. Jefferies Financial Group initiated coverage on Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 price target on the stock. Wells Fargo & Company lifted their price objective on Procter & Gamble from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 19th. Finally, StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $165.83.

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.