The Procter & Gamble Company (NYSE:PG) Stock Holdings Lessened by Milestone Asset Management LLC

Milestone Asset Management LLC reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 24.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,628 shares of the company’s stock after selling 2,762 shares during the quarter. Milestone Asset Management LLC’s holdings in Procter & Gamble were worth $1,423,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Apollon Wealth Management LLC increased its stake in Procter & Gamble by 5.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 84,772 shares of the company’s stock valued at $13,981,000 after buying an additional 4,150 shares during the period. Altus Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 2.0% in the second quarter. Altus Wealth Management LLC now owns 53,047 shares of the company’s stock worth $8,749,000 after buying an additional 1,064 shares during the period. Zhang Financial LLC boosted its holdings in shares of Procter & Gamble by 1.3% in the second quarter. Zhang Financial LLC now owns 24,533 shares of the company’s stock worth $4,046,000 after buying an additional 310 shares during the period. ADE LLC boosted its holdings in shares of Procter & Gamble by 2.6% in the second quarter. ADE LLC now owns 4,577 shares of the company’s stock worth $755,000 after buying an additional 115 shares during the period. Finally, MONECO Advisors LLC boosted its holdings in shares of Procter & Gamble by 45.3% in the second quarter. MONECO Advisors LLC now owns 25,817 shares of the company’s stock worth $4,258,000 after buying an additional 8,051 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup raised their price target 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. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. TD Cowen assumed coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective on the stock. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Evercore ISI lifted their price target on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Stock Performance

PG traded up $0.50 during trading hours on Monday, reaching $168.39. The company’s stock had a trading volume of 3,885,305 shares, compared to its average volume of 6,657,043. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.72. The company’s 50-day moving average is $166.99 and its 200-day moving average is $163.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a market cap of $397.42 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.66 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is 65.69%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 84,389 shares of company stock valued at $14,373,932 over the last quarter. 0.17% of the stock is owned by corporate insiders.

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.