The Procter & Gamble Company (NYSE:PG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,920 shares of the company’s stock after selling 10,773 shares during the period. Procter & Gamble accounts for about 0.5% of Mutual of America Capital Management LLC’s holdings, making the stock its 19th biggest position. Mutual of America Capital Management LLC’s holdings in Procter & Gamble were worth $49,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PG. Lumbard & Kellner LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at approximately $413,000. Axxcess Wealth Management LLC boosted its holdings in Procter & Gamble by 4.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 110,375 shares of the company’s stock valued at $18,203,000 after purchasing an additional 4,437 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at approximately $29,000. Connors Investor Services Inc. boosted its holdings in Procter & Gamble by 31.9% in the 2nd quarter. Connors Investor Services Inc. now owns 9,827 shares of the company’s stock valued at $1,621,000 after purchasing an additional 2,376 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its holdings in Procter & Gamble by 14.5% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 1,442 shares of the company’s stock valued at $238,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. TD Cowen assumed coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Citigroup boosted their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Seven investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Susan Street Whaley sold 450 shares of the 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 sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated 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 sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. 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 in the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.7 %

Shares of Procter & Gamble stock opened at $175.93 on Wednesday. The company has a fifty day moving average price of $169.80 and a 200 day moving average price of $165.49. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.94. The stock has a market cap of $415.22 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.29%. Procter & Gamble’s payout ratio is currently 65.85%.

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.