Brookstone Capital Management Buys 2,883 Shares of The Procter & Gamble Company (NYSE:PG)

Brookstone Capital Management raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 5.3% in the second quarter, HoldingsChannel reports. The fund owned 57,284 shares of the company’s stock after acquiring an additional 2,883 shares during the period. Brookstone Capital Management’s holdings in Procter & Gamble were worth $8,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in PG. Silicon Valley Capital Partners bought a new stake in Procter & Gamble in the 4th quarter valued at about $28,000. GW&K Investment Management LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at approximately $28,000. IAG Wealth Partners LLC boosted its stake in shares of Procter & Gamble by 58.8% in the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after buying an additional 90 shares during the period. Kepos Capital LP acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $38,000. Finally, Ten Capital Wealth Advisors LLC lifted its position in Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares during the period. Institutional investors own 63.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,629 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $157.19, for a total transaction of $1,985,152.51. Following the completion of the sale, the insider now directly owns 13,051 shares of the company’s stock, valued at $2,051,486.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Balaji Purushothaman sold 12,629 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $157.19, for a total value of $1,985,152.51. Following the completion of the sale, the insider now directly owns 13,051 shares of the company’s stock, valued at approximately $2,051,486.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,607 shares of company stock worth $16,523,793. Insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $154.05 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $153.35 and its 200-day moving average price is $150.37. 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 1-year low of $122.18 and a 1-year high of $158.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $20.60 billion for the quarter, compared to the consensus estimate of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. 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 (DPR) is presently 63.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PG. William Blair initiated coverage on Procter & Gamble in a report on Friday, September 8th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Barclays lifted their price target on Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.82.

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.