Worth Asset Management LLC Has $102,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Worth Asset Management LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 28.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673 shares of the company’s stock after purchasing an additional 150 shares during the period. Worth Asset Management LLC’s holdings in Procter & Gamble were worth $102,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on PG. Wells Fargo & Company increased their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. William Blair began coverage on Procter & Gamble in a report on Friday, September 8th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. Finally, Royal Bank of Canada raised their target price on Procter & Gamble from $165.00 to $167.00 and gave the company a “sector perform” rating in a report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.82.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,094 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the sale, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at $5,681,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Shailesh Jejurikar sold 11,522 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total value of $1,775,885.86. Following the completion of the transaction, the chief operating officer now directly owns 10,135 shares of the company’s stock, valued at $1,562,107.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 10,094 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the transaction, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at $5,681,984. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock valued at $16,523,793 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of 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 company 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 stock has a 50 day moving average of $153.35 and a 200 day moving average of $150.37. 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 issued its quarterly earnings results on Friday, July 28th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the business posted $1.21 earnings per share. Procter & Gamble’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.38 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

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.