Advisors Preferred LLC Sells 587 Shares of The Procter & Gamble Company (NYSE:PG)

Advisors Preferred LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,433 shares of the company’s stock after selling 587 shares during the quarter. Advisors Preferred LLC’s holdings in Procter & Gamble were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Advantage Trust Co bought a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $33,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Barclays upped their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Citigroup boosted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

Procter & Gamble Stock Up 1.5 %

Shares of NYSE PG traded up $2.49 during trading on Wednesday, hitting $169.44. The stock had a trading volume of 7,979,514 shares, compared to its average volume of 6,511,465. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $170.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market capitalization of $399.90 billion, a PE ratio of 27.62, a PEG ratio of 3.16 and a beta of 0.41. The firm has a fifty day moving average of $166.14 and a two-hundred day moving average of $160.56.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by company insiders.

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.