Angeles Wealth Management LLC Acquires 1,178 Shares of The Procter & Gamble Company (NYSE:PG)

Angeles Wealth Management LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 24.2% in the second quarter, HoldingsChannel reports. The firm owned 6,047 shares of the company’s stock after buying an additional 1,178 shares during the quarter. Angeles Wealth Management LLC’s holdings in Procter & Gamble were worth $997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Procter & Gamble during the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Vima LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $35,000. Finally, Quest Partners LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $36,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock valued at $63,829,141 over the last three months. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Cowen initiated coverage on Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Procter & Gamble Price Performance

PG opened at $177.83 on Wednesday. The company’s 50-day simple moving average is $168.80 and its two-hundred day simple moving average is $164.95. 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 stock has a market capitalization of $419.70 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.81 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.26%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

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.