Ashton Thomas Private Wealth LLC Has $8.27 Million Stake in The Procter & Gamble Company (NYSE:PG)

Ashton Thomas Private Wealth LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,138 shares of the company’s stock after selling 454 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Procter & Gamble were worth $8,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gilbert & Cook Inc. raised its position in shares of Procter & Gamble by 7.7% during the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after purchasing an additional 1,237 shares during the period. Gryphon Financial Partners LLC raised its holdings in Procter & Gamble by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after buying an additional 6,390 shares during the period. AGF Management Ltd. lifted its stake in Procter & Gamble by 51.1% in the fourth quarter. AGF Management Ltd. now owns 21,146 shares of the company’s stock valued at $3,099,000 after buying an additional 7,149 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Procter & Gamble by 11.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 182,374 shares of the company’s stock valued at $26,725,000 after buying an additional 18,094 shares during the period. Finally, USA Financial Formulas increased its position in shares of Procter & Gamble by 10,628.6% during the fourth quarter. USA Financial Formulas now owns 3,004 shares of the company’s stock worth $440,000 after acquiring an additional 2,976 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PG shares. BNP Paribas started coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. TD Cowen began coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Royal Bank of Canada increased their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Barclays cut their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Procter & Gamble Trading Up 0.1 %

PG stock opened at $175.59 on Monday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.04. The stock has a market cap of $414.42 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The company has a fifty day moving average price of $168.26 and a two-hundred day moving average price of $164.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 in the last ninety days. 0.17% of the stock is owned by company insiders.

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.