The Procter & Gamble Company (NYSE:PG) Shares Sold by High Falls Advisors Inc

High Falls Advisors Inc lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 32.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,487 shares of the company’s stock after selling 721 shares during the quarter. High Falls Advisors Inc’s holdings in Procter & Gamble were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sweeney & Michel LLC acquired a new position in Procter & Gamble in the first quarter worth approximately $858,000. Ilex Capital Partners UK LLP acquired a new position in Procter & Gamble in the first quarter worth approximately $228,212,000. Industrial Alliance Investment Management Inc. boosted its stake in Procter & Gamble by 3.0% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 3,427 shares of the company’s stock worth $556,000 after purchasing an additional 100 shares during the period. Ionic Capital Management LLC acquired a new position in Procter & Gamble in the 1st quarter worth approximately $393,000. Finally, Iron Gate Global Advisors LLC boosted its stake in Procter & Gamble by 2.5% in the 1st quarter. Iron Gate Global Advisors LLC now owns 17,081 shares of the company’s stock worth $2,737,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the transaction, the chief executive officer now owns 36,854 shares in the company, valued at $6,080,172.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,320 shares of company stock worth $15,646,323. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays lifted their target price on shares of Procter & Gamble from $170.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI lifted their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.29.

Procter & Gamble Stock Performance

PG traded down $8.27 during trading on Tuesday, hitting $161.66. The stock had a trading volume of 15,745,427 shares, compared to its average volume of 6,558,331. The firm has a market cap of $381.54 billion, a PE ratio of 26.42, a P/E/G ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $170.92. 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 50 day simple moving average of $166.32 and a 200-day simple moving average of $161.89.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued 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 dividend yield of 2.49%. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

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.