CCM Investment Advisers LLC Raises Holdings in Procter & Gamble Company (The) (PG)

CCM Investment Advisers LLC grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 9.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,217 shares of the company’s stock after purchasing an additional 8,174 shares during the quarter. CCM Investment Advisers LLC’s holdings in Procter & Gamble Company (The) were worth $8,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. raised its holdings in Procter & Gamble Company (The) by 6.6% in the 2nd quarter. Wedbush Securities Inc. now owns 42,749 shares of the company’s stock worth $3,726,000 after purchasing an additional 2,645 shares in the last quarter. IFC Holdings Incorporated FL grew its position in shares of Procter & Gamble Company (The) by 1.5% in the 2nd quarter. IFC Holdings Incorporated FL now owns 24,698 shares of the company’s stock worth $2,152,000 after buying an additional 354 shares during the period. Keystone Financial Planning Inc. grew its position in shares of Procter & Gamble Company (The) by 162.8% in the 2nd quarter. Keystone Financial Planning Inc. now owns 57,292 shares of the company’s stock worth $4,993,000 after buying an additional 35,490 shares during the period. Pekin Singer Strauss Asset Management IL grew its position in shares of Procter & Gamble Company (The) by 16.0% in the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 13,519 shares of the company’s stock worth $1,178,000 after buying an additional 1,865 shares during the period. Finally, Sterling Global Strategies LLC grew its position in shares of Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Sterling Global Strategies LLC now owns 11,247 shares of the company’s stock worth $980,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 59.73% of the company’s stock.

Shares of Procter & Gamble Company (PG) opened at $88.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market cap of $225,789.27, a PE ratio of 22.36, a PEG ratio of 2.87 and a beta of 0.66. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. sell-side analysts forecast that Procter & Gamble Company will post 4.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is presently 48.51%.

A number of analysts have recently weighed in on PG shares. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “hold” rating in a research report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $88.69.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the transaction, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,694 shares of company stock worth $2,987,000. Insiders own 0.35% of the company’s stock.

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About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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