Bush Odonnell Investment Advisors Inc. Has $3.90 Million Stake in Procter & Gamble Co (PG)

Bush Odonnell Investment Advisors Inc. grew its holdings in Procter & Gamble Co (NYSE:PG) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,920 shares of the company’s stock after acquiring an additional 4,864 shares during the quarter. Procter & Gamble accounts for approximately 6.6% of Bush Odonnell Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Bush Odonnell Investment Advisors Inc.’s holdings in Procter & Gamble were worth $3,897,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in Procter & Gamble by 1.9% during the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after purchasing an additional 2,961,408 shares during the period. Yacktman Asset Management LP lifted its position in Procter & Gamble by 0.7% during the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock worth $1,209,015,000 after purchasing an additional 105,318 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Procter & Gamble by 8.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock worth $1,105,148,000 after purchasing an additional 1,089,316 shares during the period. Franklin Resources Inc. lifted its position in Procter & Gamble by 63.1% during the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after purchasing an additional 4,315,180 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in Procter & Gamble by 9.3% during the first quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock worth $864,242,000 after purchasing an additional 928,541 shares during the period. 58.54% of the stock is owned by institutional investors.

In other news, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $349,197.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the transaction, the insider now directly owns 113,638 shares of the company’s stock, valued at approximately $9,244,451.30. The disclosure for this sale can be found here. Insiders sold 153,302 shares of company stock valued at $13,438,363 in the last ninety days. 1.84% of the stock is currently owned by insiders.

PG stock opened at $92.41 on Friday. The stock has a market capitalization of $230.70 billion, a PE ratio of 21.90, a P/E/G ratio of 3.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.14.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $86.00 price objective on shares of Procter & Gamble in a research report on Friday. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $87.00 target price on shares of Procter & Gamble in a report on Monday, October 22nd. Finally, Deutsche Bank increased their target price on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $88.38.

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About Procter & Gamble

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.

Further Reading: Consumer behavior in bull markets

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

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