Laurel Wealth Advisors Inc. Trims Stake in Procter & Gamble Co (NYSE:PG)

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Laurel Wealth Advisors Inc. lowered its stake in Procter & Gamble Co (NYSE:PG) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,307 shares of the company’s stock after selling 753 shares during the quarter. Procter & Gamble makes up about 0.8% of Laurel Wealth Advisors Inc.’s holdings, making the stock its 28th biggest position. Laurel Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $3,652,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of PG. D Orazio & Associates Inc. raised its holdings in Procter & Gamble by 3.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after acquiring an additional 98 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after buying an additional 12,038 shares during the last quarter. Homrich & Berg increased its holdings in shares of Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after buying an additional 1,291 shares during the last quarter. Bellecapital International Ltd. increased its holdings in shares of Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after buying an additional 1,025 shares during the last quarter. Finally, Accurate Investment Solutions Inc. increased its holdings in shares of Procter & Gamble by 0.9% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 44,502 shares of the company’s stock worth $4,880,000 after buying an additional 385 shares during the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $116.00, for a total value of $4,295,132.00. Following the transaction, the chief executive officer now owns 112,703 shares of the company’s stock, valued at $13,073,548. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the completion of the sale, the vice president now owns 26,094 shares in the company, valued at approximately $3,140,673.84. The disclosure for this sale can be found here. Insiders sold 448,674 shares of company stock worth $53,197,461 in the last three months. 1.75% of the stock is currently owned by corporate insiders.

PG has been the subject of a number of research analyst reports. Credit Suisse Group upped their price objective on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TheStreet downgraded Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks increased their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $108.15.

Shares of PG stock traded down $0.39 during trading hours on Friday, hitting $122.38. 68,414 shares of the company were exchanged, compared to its average volume of 6,182,078. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. Procter & Gamble Co has a one year low of $78.49 and a one year high of $123.43. The business’s 50-day simple moving average is $118.41 and its two-hundred day simple moving average is $109.40. The stock has a market capitalization of $304.85 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.48 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same quarter last year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The business 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 $0.7459 per share. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 65.93%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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