Blackhill Capital Inc. Maintains Stake in Procter & Gamble Company (The) (PG)

Blackhill Capital Inc. continued to hold its position in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent filing with the SEC. The fund owned 46,841 shares of the company’s stock at the end of the second quarter. Procter & Gamble Company (The) accounts for approximately 0.8% of Blackhill Capital Inc.’s holdings, making the stock its 24th largest position. Blackhill Capital Inc.’s holdings in Procter & Gamble Company (The) were worth $4,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. increased its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares in the last quarter. Edge Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter worth $184,000. Finally, Watermark Asset Management Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter worth $201,000. 59.48% of the stock is owned by institutional investors.

Shares of Procter & Gamble Company (NYSE PG) traded up 0.26% during midday trading on Friday, hitting $92.51. The stock had a trading volume of 4,932,978 shares. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.96. The stock has a market cap of $235.90 billion, a PE ratio of 16.54 and a beta of 0.68. The stock’s 50-day moving average is $90.21 and its 200-day moving average is $89.30.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period last year, the business earned $0.79 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group LLC reissued a “buy” rating and set a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $90.00 target price (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.48.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now owns 23,133 shares in the company, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,792 shares of company stock worth $4,216,070. Company insiders own 0.35% of the company’s stock.

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.