Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.4% during the first quarter, HoldingsChannel.com reports. The firm owned 15,350 shares of the company’s stock after selling 2,382 shares during the period. Schechter Investment Advisors LLC’s holdings in Procter & Gamble were worth $2,616,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Unique Wealth LLC increased its position in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after acquiring an additional 61 shares during the period. Stableford Capital II LLC increased its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock valued at $993,000 after acquiring an additional 61 shares during the period. Bernard Wealth Management Corp. increased its position in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock valued at $64,000 after acquiring an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC increased its position in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock valued at $962,000 after acquiring an additional 64 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PG. Evercore ISI reissued an “outperform” rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.45.

Procter & Gamble Trading Down 1.0%

Shares of Procter & Gamble stock opened at $156.95 on Friday. The firm has a market capitalization of $367.98 billion, a PE ratio of 24.91, a P/E/G ratio of 4.47 and a beta of 0.40. Procter & Gamble Company has a twelve month low of $155.95 and a twelve month high of $180.43. The firm’s 50-day moving average price is $161.77 and its 200 day moving average price is $164.92. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.