Stordahl Capital Management Inc. Sells 147 Shares of The Procter & Gamble Company (NYSE:PG)

Stordahl Capital Management Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 9.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,394 shares of the company’s stock after selling 147 shares during the period. Stordahl Capital Management Inc.’s holdings in Procter & Gamble were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. HighPoint Advisor Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $17,696,000. Campbell Wealth Management raised its position in Procter & Gamble by 13.1% during the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after purchasing an additional 231 shares during the period. Herold Advisors Inc. lifted its stake in shares of Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after purchasing an additional 581 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Procter & Gamble by 29.0% in the 1st quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after purchasing an additional 9,716 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Procter & Gamble by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PG. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays reduced their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Stock Performance

PG traded down $3.73 during midday trading on Monday, hitting $166.81. 6,800,471 shares of the company were exchanged, compared to its average volume of 6,689,643. The company’s 50 day simple moving average is $166.88 and its 200 day simple moving average is $162.90. The firm has a market capitalization of $393.69 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $171.72. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter last year, the company earned $1.37 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Activity

In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 125,462 shares of company stock worth $21,238,114 in the last quarter. 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.