Jacobs & Co. CA Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Jacobs & Co. CA cut its holdings in The Procter & Gamble Company (NYSE:PG) by 5.0% in the second quarter, Holdings Channel reports. The institutional investor owned 43,272 shares of the company’s stock after selling 2,300 shares during the quarter. Jacobs & Co. CA’s holdings in Procter & Gamble were worth $6,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.4% in the first quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock worth $24,064,473,000 after acquiring an additional 2,157,319 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after purchasing an additional 510,559 shares during the last quarter. Morgan Stanley boosted its stake in Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Procter & Gamble by 1.6% in the first quarter. Wellington Management Group LLP now owns 33,776,598 shares of the company’s stock valued at $5,022,242,000 after acquiring an additional 547,738 shares during the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. Barclays lifted their target price on Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research report on Tuesday, August 1st. JPMorgan Chase & Co. increased their target price on Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. 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. Morgan Stanley reaffirmed an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, William Blair initiated coverage on Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating for the company. They noted that the move was a valuation call. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.82.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 11,522 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $154.13, for a total transaction of $1,775,885.86. Following the sale, the chief operating officer now directly owns 10,135 shares of the company’s stock, valued at approximately $1,562,107.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 11,522 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $154.13, for a total transaction of $1,775,885.86. Following the transaction, the chief operating officer now owns 10,135 shares of the company’s stock, valued at $1,562,107.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the sale, the chief accounting officer now directly owns 888 shares of the company’s stock, valued at $138,758.88. The disclosure for this sale can be found here. Insiders sold a total of 106,607 shares of company stock valued at $16,523,793 over the last three months. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

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 business’s 50 day moving average is $153.35 and its two-hundred day moving average is $150.37. The stock has a market capitalization of $363.14 billion, a price-to-earnings ratio of 26.11, a PEG 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.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The firm had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Announces Dividend

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

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.