Gradient Investments LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 59.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,052 shares of the company’s stock after selling 108,541 shares during the period. Gradient Investments LLC’s holdings in Procter & Gamble were worth $10,648,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the company. 180 Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 4.3% during the second quarter. 180 Wealth Advisors LLC now owns 8,670 shares of the company’s stock worth $1,267,000 after purchasing an additional 355 shares during the period. RBA Wealth Management LLC increased its stake in shares of Procter & Gamble by 3.2% during the second quarter. RBA Wealth Management LLC now owns 25,265 shares of the company’s stock worth $3,633,000 after purchasing an additional 772 shares during the period. Capital Market Strategies LLC increased its stake in shares of Procter & Gamble by 22.0% during the second quarter. Capital Market Strategies LLC now owns 3,657 shares of the company’s stock worth $526,000 after purchasing an additional 659 shares during the period. Thrive Wealth Management LLC increased its stake in shares of Procter & Gamble by 7.8% during the second quarter. Thrive Wealth Management LLC now owns 10,861 shares of the company’s stock worth $1,562,000 after purchasing an additional 786 shares during the period. Finally, MJP Associates Inc. ADV increased its stake in Procter & Gamble by 17.9% during the 2nd quarter. MJP Associates Inc. ADV now owns 8,425 shares of the company’s stock worth $1,211,000 after acquiring an additional 1,278 shares during the period. Institutional investors own 63.45% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on PG shares. UBS Group lowered their price objective on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Wells Fargo & Company lowered their price objective on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Finally, Barclays lowered their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.93.
Insider Activity at Procter & Gamble
In related news, CEO Jon R. Moeller sold 169,365 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $146.56, for a total transaction of $24,822,134.40. Following the sale, the chief executive officer now owns 164,761 shares of the company’s stock, valued at approximately $24,147,372.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon R. Moeller sold 169,365 shares of Procter & Gamble stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $146.56, for a total value of $24,822,134.40. Following the transaction, the chief executive officer now directly owns 164,761 shares in the company, valued at $24,147,372.16. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock valued at $42,559,426 in the last 90 days. 0.26% of the stock is owned by corporate insiders.
Procter & Gamble Trading Up 0.6 %
Shares of PG stock opened at $138.28 on Monday. The stock’s fifty day moving average price is $143.26 and its two-hundred day moving average price is $147.63. The company has a market cap of $329.87 billion, a PE ratio of 23.80, a P/E/G ratio of 3.55 and a beta of 0.35. The Procter & Gamble Company has a fifty-two week low of $129.50 and a fifty-two week high of $165.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. During the same period last year, the business earned $1.13 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.
Procter & Gamble Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a dividend of $0.913 per share. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.
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.
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