The Procter & Gamble Company (NYSE:PG) Shares Sold by Brick & Kyle Associates

Brick & Kyle Associates cut its stake in The Procter & Gamble Company (NYSE:PG) by 86.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,861 shares of the company’s stock after selling 48,528 shares during the period. Brick & Kyle Associates’ holdings in Procter & Gamble were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the second quarter worth $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $31,000. Ruedi Wealth Management Inc. grew its stake in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the last quarter. Finally, POM Investment Strategies LLC purchased a new position in shares of Procter & Gamble in the second quarter worth about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PG. Piper Sandler initiated coverage on Procter & Gamble in a research report on Tuesday. They issued a “neutral” rating and a $174.00 target price on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Finally, Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,553 shares of company stock valued at $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $173.47 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a fifty day moving average of $170.79 and a 200 day moving average of $166.14. The firm has a market cap of $409.41 billion, a PE ratio of 28.34, a PEG ratio of 3.77 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Procter & Gamble Company Profile

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.