Aviance Capital Partners LLC Sells 230 Shares of The Procter & Gamble Company (NYSE:PG)

Aviance Capital Partners LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,490 shares of the company’s stock after selling 230 shares during the period. Procter & Gamble accounts for approximately 0.8% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Aviance Capital Partners LLC’s holdings in Procter & Gamble were worth $6,150,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its stake in Procter & Gamble by 5.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock valued at $5,192,000 after buying an additional 1,657 shares during the period. Quent Capital LLC lifted its position in shares of Procter & Gamble by 2.0% during the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock valued at $1,733,000 after acquiring an additional 206 shares during the period. Bessemer Group Inc. boosted its stake in Procter & Gamble by 0.3% during the first quarter. Bessemer Group Inc. now owns 784,525 shares of the company’s stock worth $127,289,000 after acquiring an additional 2,655 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in Procter & Gamble by 9.0% in the first quarter. Evermay Wealth Management LLC now owns 6,987 shares of the company’s stock worth $1,134,000 after purchasing an additional 574 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Procter & Gamble in the first quarter valued at $1,552,000. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PG shares. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Finally, Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the transaction, the chief financial officer now directly owns 37,208 shares of the company’s stock, valued at $6,325,360. The trade was a 25.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,727 shares of company stock valued at $46,014,037 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.7 %

NYSE:PG opened at $170.80 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The company’s 50-day simple moving average is $170.21 and its 200-day simple moving average is $168.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market capitalization of $402.24 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.