Waypoint Capital Advisors LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Waypoint Capital Advisors LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,163 shares of the company’s stock after purchasing an additional 126 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Procter & Gamble were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yeomans Consulting Group Inc. purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $564,000. Shelter Ins Retirement Plan acquired a new stake in Procter & Gamble during the second quarter worth $9,845,000. Tanager Wealth Management LLP raised its position in Procter & Gamble by 19.6% in the second quarter. Tanager Wealth Management LLP now owns 6,488 shares of the company’s stock valued at $1,070,000 after purchasing an additional 1,062 shares during the period. Institute for Wealth Management LLC. grew its holdings in shares of Procter & Gamble by 1.3% during the 2nd quarter. Institute for Wealth Management LLC. now owns 7,316 shares of the company’s stock worth $1,207,000 after purchasing an additional 95 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Procter & Gamble by 3.8% in the 2nd quarter. Baillie Gifford & Co. now owns 898,218 shares of the company’s stock valued at $148,134,000 after buying an additional 32,799 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. Insiders sold a total of 223,259 shares of company stock valued at $37,948,393 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, TD Cowen assumed coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Price Performance

PG stock traded down $0.98 on Friday, reaching $169.17. The company had a trading volume of 4,771,267 shares, compared to its average volume of 6,597,829. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The company’s fifty day moving average is $167.29 and its 200 day moving average is $163.65. The company has a market cap of $399.26 billion, a P/E ratio of 27.64, a PEG ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.89.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. On average, research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.69%.

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.