The Procter & Gamble Company (NYSE:PG) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,660 shares of the company’s stock after selling 298 shares during the quarter. Custom Index Systems LLC’s holdings in Procter & Gamble were worth $604,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alera Investment Advisors LLC grew its stake in Procter & Gamble by 1.2% during the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock valued at $812,000 after purchasing an additional 60 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in Procter & Gamble by 4.1% during the 2nd quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock worth $250,000 after buying an additional 60 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Procter & Gamble by 2.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock worth $371,000 after buying an additional 61 shares during the last quarter. LCM Capital Management Inc lifted its holdings in Procter & Gamble by 1.1% during the 1st quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock worth $925,000 after buying an additional 63 shares during the last quarter. Finally, Home Federal Bank of Tennessee lifted its holdings in Procter & Gamble by 0.3% during the 2nd quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company’s stock worth $3,846,000 after buying an additional 63 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock valued at $63,829,141 over the last quarter. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PG shares. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Citigroup raised their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $175.59 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $414.42 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 3.72 and a beta of 0.41. The stock’s fifty day simple moving average is $168.26 and its 200 day simple moving average is $164.69. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.04.

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

Procter & Gamble Dividend Announcement

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. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.