Procter & Gamble Co (NYSE:PG) Shares Sold by Hayek Kallen Investment Management

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Hayek Kallen Investment Management lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 4.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,025 shares of the company’s stock after selling 98 shares during the quarter. Hayek Kallen Investment Management’s holdings in Procter & Gamble were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Slow Capital Inc. lifted its stake in shares of Procter & Gamble by 3.9% in the 2nd quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares during the last quarter. AMI Asset Management Corp lifted its stake in shares of Procter & Gamble by 0.7% in the 3rd quarter. AMI Asset Management Corp now owns 13,431 shares of the company’s stock valued at $1,671,000 after purchasing an additional 87 shares during the last quarter. Stony Point Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 0.7% in the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after purchasing an additional 91 shares during the last quarter. Centric Wealth Management lifted its stake in shares of Procter & Gamble by 0.9% in the 3rd quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock valued at $1,295,000 after purchasing an additional 91 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its stake in shares of Procter & Gamble by 1.5% in the 3rd quarter. First Mercantile Trust Co. now owns 6,164 shares of the company’s stock valued at $767,000 after purchasing an additional 92 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Shares of PG stock traded up $0.08 on Friday, hitting $119.70. The stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company’s 50 day moving average price is $121.95 and its 200-day moving average price is $115.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. Procter & Gamble Co has a 1 year low of $86.74 and a 1 year high of $125.77. The firm has a market capitalization of $296.51 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the prior year, the business earned $1.12 EPS. Procter & Gamble’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In other Procter & Gamble news, CEO R. Alexandra Keith sold 62,930 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total transaction of $7,550,341.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the sale, the insider now owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,645,966 shares of company stock worth $202,229,770. 1.75% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group boosted their price objective on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Credit Suisse Group boosted their price objective on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price objective on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, SunTrust Banks boosted their price objective on Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $116.71.

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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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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