The Procter & Gamble Company (NYSE:PG) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lowered its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,726 shares of the company’s stock after selling 6,934 shares during the period. Capital Group Private Client Services Inc.’s holdings in Procter & Gamble were worth $14,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Copperleaf Capital LLC acquired a new position in shares of Procter & Gamble during the 1st quarter worth approximately $201,000. Kensington Investment Counsel LLC lifted its position in shares of Procter & Gamble by 4.8% during the first quarter. Kensington Investment Counsel LLC now owns 10,511 shares of the company’s stock worth $1,606,000 after purchasing an additional 479 shares during the last quarter. Zullo Investment Group Inc. lifted its position in shares of Procter & Gamble by 3.7% during the first quarter. Zullo Investment Group Inc. now owns 14,482 shares of the company’s stock worth $2,213,000 after purchasing an additional 511 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Procter & Gamble during the first quarter worth about $255,000. Finally, Lee Capital Holdings LLC raised its stake in Procter & Gamble by 42.9% during the first quarter. Lee Capital Holdings LLC now owns 10,000 shares of the company’s stock worth $1,528,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 63.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Barclays dropped their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a report on Monday, June 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Performance

NYSE:PG opened at $139.96 on Friday. The stock has a market cap of $333.87 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 3.87 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $143.95 and its 200-day moving average is $148.18. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Friday, July 29th. The company reported $1.21 EPS 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 company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were paid a $0.913 dividend. This represents a $3.65 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.82%.

Insider Transactions at Procter & Gamble

In related 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 value of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related 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 value of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 169,365 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $146.56, for a total value of $24,822,134.40. Following the completion of the transaction, the chief executive officer now owns 164,761 shares of the company’s stock, valued at approximately $24,147,372.16. The disclosure for this sale can be found here. Insiders have sold 289,321 shares of company stock valued at $42,559,426 over the last ninety days. 0.26% of the stock is owned by company insiders.

Procter & Gamble Company Profile

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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.

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

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