Financial Advisory Group Trims Stake in Procter & Gamble Co (PG)

Financial Advisory Group reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 61.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,577 shares of the company’s stock after selling 4,048 shares during the period. Financial Advisory Group’s holdings in Procter & Gamble were worth $204,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. HRT Financial LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $914,000. Victory Capital Management Inc. lifted its stake in shares of Procter & Gamble by 25.3% during the 1st quarter. Victory Capital Management Inc. now owns 270,330 shares of the company’s stock valued at $21,432,000 after buying an additional 54,591 shares in the last quarter. Hutner Capital Management Inc. lifted its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Hutner Capital Management Inc. now owns 74,242 shares of the company’s stock valued at $6,821,000 after buying an additional 1,325 shares in the last quarter. Vaughan David Investments LLC IL lifted its stake in shares of Procter & Gamble by 2.7% during the 1st quarter. Vaughan David Investments LLC IL now owns 298,533 shares of the company’s stock valued at $23,668,000 after buying an additional 7,761 shares in the last quarter. Finally, Kings Point Capital Management lifted its stake in shares of Procter & Gamble by 3.0% during the 4th quarter. Kings Point Capital Management now owns 50,321 shares of the company’s stock valued at $4,623,000 after buying an additional 1,483 shares in the last quarter. 59.60% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble opened at $81.43 on Monday, according to Marketbeat.com. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. The company has a market capitalization of $205.21 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.62 and a beta of 0.58.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Friday, July 20th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, July 19th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

A number of analysts recently commented on PG shares. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Argus cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Deutsche Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research note on Friday, April 20th. Bank of America cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Friday, April 20th. Finally, Morgan Stanley dropped their price target on shares of Procter & Gamble from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $85.32.

In other Procter & Gamble news, insider Price Matthew sold 11,626 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $82.00, for a total value of $953,332.00. Following the sale, the insider now directly owns 27,496 shares in the company, valued at approximately $2,254,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $74.25, for a total transaction of $113,528.25. Following the sale, the insider now owns 5,235 shares in the company, valued at approximately $388,698.75. The disclosure for this sale can be found here. Insiders sold a total of 94,035 shares of company stock worth $7,542,189 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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