The Procter & Gamble Company (NYSE:PG) Shares Sold by Focused Wealth Management Inc

Focused Wealth Management Inc lowered its position in The Procter & Gamble Company (NYSE:PG) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,241 shares of the company’s stock after selling 66 shares during the period. Focused Wealth Management Inc’s holdings in Procter & Gamble were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $28,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. increased its stake in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PG. BNP Paribas initiated coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Citigroup lifted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Argus lifted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $172.00.

Procter & Gamble Stock Up 1.5 %

PG stock traded up $2.49 during midday trading on Wednesday, reaching $169.44. The company had a trading volume of 7,699,449 shares, compared to its average volume of 6,511,314. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $170.17. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $399.90 billion, a P/E ratio of 27.62, a PEG ratio of 3.16 and a beta of 0.41. The company has a 50 day moving average of $166.14 and a two-hundred day moving average of $160.56.

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

Procter & Gamble Dividend Announcement

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

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s 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 completion of the transaction, 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 hyperlink. In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,544 shares of company stock worth $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble 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.