The Procter & Gamble Company (NYSE:PG) Shares Sold by Main Street Group LTD

Main Street Group LTD reduced its position in The Procter & Gamble Company (NYSE:PG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,270 shares of the company’s stock after selling 92 shares during the period. Main Street Group LTD’s holdings in Procter & Gamble were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its position in Procter & Gamble by 0.9% during the second quarter. Cullen Frost Bankers Inc. now owns 246,651 shares of the company’s stock worth $40,678,000 after purchasing an additional 2,282 shares in the last quarter. Hanlon Investment Management Inc. lifted its position in shares of Procter & Gamble by 14.7% during the 2nd quarter. Hanlon Investment Management Inc. now owns 2,412 shares of the company’s stock valued at $398,000 after buying an additional 309 shares in the last quarter. Gentry Private Wealth LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at $423,000. Commonwealth Retirement Investments LLC increased its holdings in Procter & Gamble by 4.6% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 28,346 shares of the company’s stock worth $4,675,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Procter & Gamble by 16.1% during the second quarter. Sivia Capital Partners LLC now owns 4,803 shares of the company’s stock worth $792,000 after acquiring an additional 665 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PG shares. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Stifel Nicolaus raised their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada upped their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Trading Up 0.1 %

Shares of NYSE PG traded up $0.12 during mid-day trading on Friday, reaching $175.59. 5,785,684 shares of the company’s stock were exchanged, compared to its average volume of 6,591,211. The firm 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 Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.04. The company’s 50-day moving average is $168.26 and its 200-day moving average is $164.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

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.