Northside Capital Management LLC Raises Position in Procter & Gamble Co (NYSE:PG)

Northside Capital Management LLC raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,753 shares of the company’s stock after acquiring an additional 2,940 shares during the quarter. Procter & Gamble makes up 0.6% of Northside Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Northside Capital Management LLC’s holdings in Procter & Gamble were worth $1,711,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PG. D Orazio & Associates Inc. lifted its stake in shares of Procter & Gamble by 3.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after buying an additional 98 shares in the last quarter. NEXT Financial Group Inc lifted its stake in shares of Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares in the last quarter. Homrich & Berg increased its holdings in Procter & Gamble by 1.1% in the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares during the last quarter. Bellecapital International Ltd. increased its holdings in Procter & Gamble by 19.0% in the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares during the last quarter. Finally, First National Bank of South Miami increased its holdings in Procter & Gamble by 5.1% in the 2nd quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

A number of analysts have issued reports on PG shares. Credit Suisse Group lifted their price target on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. UBS Group set a $122.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Finally, TheStreet downgraded shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $108.95.

In related news, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now directly owns 26,094 shares in the company, valued at approximately $3,140,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 448,674 shares of company stock worth $53,197,461. Insiders own 1.75% of the company’s stock.

Shares of Procter & Gamble stock traded down $0.35 during trading hours on Friday, reaching $121.59. The company’s stock had a trading volume of 2,989,362 shares, compared to its average volume of 6,660,306. The firm has a 50 day moving average price of $121.79 and a 200-day moving average price of $112.57. Procter & Gamble Co has a one year low of $78.49 and a one year high of $125.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. The stock has a market cap of $302.64 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.51 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The firm had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Procter & Gamble Co will post 4.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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