Flaharty Asset Management LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,185 shares of the company’s stock after selling 211 shares during the period. Flaharty Asset Management LLC’s holdings in Procter & Gamble were worth $483,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Axiom Financial Strategies LLC lifted its holdings in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares in the last quarter. AMI Investment Management Inc. lifted its holdings in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares in the last quarter. LSV Asset Management lifted its holdings in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares in the last quarter. Ergoteles LLC acquired a new position in Procter & Gamble in the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC lifted its holdings in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after buying an additional 455 shares in the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Andre Schulten sold 40,298 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the transaction, the chief financial officer now owns 36,460 shares in the company, valued at approximately $5,491,240.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The disclosure for this sale can be found here. Insiders sold a total of 96,088 shares of company stock worth $14,565,908 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.
Procter & Gamble Trading Down 0.4 %
Shares of NYSE:PG traded down $0.62 during mid-day trading on Tuesday, hitting $149.65. The stock had a trading volume of 2,453,872 shares, compared to its average volume of 6,209,733. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The company has a market cap of $352.71 billion, a PE ratio of 24.39, a P/E/G ratio of 3.16 and a beta of 0.47. The Procter & Gamble Company has a 12-month low of $135.83 and a 12-month high of $158.38. The company’s 50 day moving average is $149.19 and its 200-day moving average is $150.62.
Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. Procter & Gamble had a net margin of 18.30% and a return on equity of 33.49%. The company had revenue of $21.87 billion during the quarter, compared to the consensus estimate of $21.58 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.42 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were given a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a yield of 2.51%. Procter & Gamble’s payout ratio is 61.04%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on PG shares. Bank of America boosted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Jefferies Financial Group initiated coverage on shares of Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 price objective for the company. Barclays decreased their target price on shares of Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, William Blair initiated coverage on shares of Procter & Gamble in a report on Friday, September 8th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.
View Our Latest Stock Analysis on PG
Procter & Gamble Profile
(Free Report)
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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