Burleson & Company LLC Sells 401 Shares of The Procter & Gamble Company (NYSE:PG)

Burleson & Company LLC reduced its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,252 shares of the company’s stock after selling 401 shares during the quarter. Burleson & Company LLC’s holdings in Procter & Gamble were worth $3,919,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PG. PrairieView Partners LLC increased its stake in shares of Procter & Gamble by 5.8% in the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock valued at $174,000 after purchasing an additional 63 shares during the last quarter. Apeiron RIA LLC increased its stake in shares of Procter & Gamble by 2.2% in the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after purchasing an additional 64 shares during the last quarter. Ambassador Advisors LLC increased its stake in shares of Procter & Gamble by 2.2% in the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after purchasing an additional 65 shares during the last quarter. Perennial Investment Advisors LLC grew its position in Procter & Gamble by 1.1% during the 1st quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after acquiring an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC grew its position in Procter & Gamble by 3.9% during the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after acquiring an additional 66 shares during the last quarter. 63.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PG shares. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Wells Fargo & Company cut their target price on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Finally, Barclays cut their target price on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Stock Down 1.3 %

PG stock opened at $135.73 on Thursday. The stock’s 50 day simple moving average is $142.76 and its 200 day simple moving average is $147.31. 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. The company has a market cap of $323.78 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 3.53 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were issued a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 907 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total value of $147,388.71. Following the completion of the transaction, the chief financial officer now directly owns 27,330 shares of the company’s stock, valued at $4,081,188.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares of the company’s stock, valued at $933,760.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 289,321 shares of company stock valued at $42,559,426. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Profile

(Get Rating)

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.

Further Reading

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

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