The Procter & Gamble Company (NYSE:PG) Shares Sold by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,980 shares of the company’s stock after selling 513 shares during the period. Procter & Gamble comprises 0.4% of Spinnaker Investment Group LLC’s holdings, making the stock its 27th biggest holding. Spinnaker Investment Group LLC’s holdings in Procter & Gamble were worth $1,316,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PG. Norges Bank acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $3,956,117,000. TD Asset Management Inc boosted its holdings in shares of Procter & Gamble by 114.9% in the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after buying an additional 1,907,716 shares during the period. Swedbank AB acquired a new position in shares of Procter & Gamble in the first quarter worth about $233,788,000. Ilex Capital Partners UK LLP acquired a new position in shares of Procter & Gamble in the first quarter worth about $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Procter & Gamble by 32.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after buying an additional 1,385,146 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. 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. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,259 shares of company stock worth $37,948,393. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.6 %

NYSE PG traded down $1.01 during trading on Friday, reaching $169.14. The company’s stock had a trading volume of 4,763,987 shares, compared to its average volume of 6,597,829. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $399.19 billion, a PE ratio of 27.64, a PEG ratio of 3.64 and a beta of 0.41. The business has a 50-day moving average price of $167.29 and a 200-day moving average price of $163.62. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $171.89.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share 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 during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the previous year, the company earned $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

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.