The Procter & Gamble Company (NYSE:PG) Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. reduced its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,431 shares of the company’s stock after selling 961 shares during the quarter. WBH Advisory Inc.’s holdings in Procter & Gamble were worth $5,905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after purchasing an additional 2,394,234 shares during the period. BlackRock Inc. boosted its position in shares of Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after purchasing an additional 1,785,863 shares during the period. State Street Corp boosted its position in shares of Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after purchasing an additional 1,716,517 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Procter & Gamble by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock valued at $3,627,510,000 after purchasing an additional 983,197 shares during the period. Finally, Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $3,726,603,000. 63.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. UBS Group decreased their target price on Procter & Gamble to $153.00 in a research report on Friday, July 22nd. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research note on Monday, June 20th. Finally, Wells Fargo & Company reduced their price objective on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Stock Performance

Shares of PG stock opened at $135.73 on Thursday. The company has a market cap of $323.78 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 3.55 and a beta of 0.35. The stock has a 50 day simple moving average of $142.76 and a 200-day simple moving average of $147.31. The Procter & Gamble Company has a 12-month low of $129.50 and a 12-month high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet 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 during the quarter, compared to analysts’ expectations of $19.41 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current 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 paid a $0.913 dividend. This represents a $3.65 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio is currently 62.82%.

Insider Activity at Procter & Gamble

In related news, insider Mary Theresa Grabowski sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $147.00, for a total value of $2,352,000.00. Following the completion of the transaction, the insider now directly owns 4,326 shares of the company’s stock, valued at approximately $635,922. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Theresa Grabowski sold 16,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the sale, the insider now owns 4,326 shares in the company, valued at approximately $635,922. The disclosure for this sale can be found here. Insiders sold 289,321 shares of company stock valued at $42,559,426 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

About Procter & Gamble

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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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