Clearview Wealth Advisors LLC Decreases Holdings in The Procter & Gamble Company (NYSE:PG)

Clearview Wealth Advisors LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,705 shares of the company’s stock after selling 91 shares during the period. Clearview Wealth Advisors LLC’s holdings in Procter & Gamble were worth $446,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Drive Wealth Management LLC increased its position in Procter & Gamble by 2.9% during the second quarter. Drive Wealth Management LLC now owns 7,840 shares of the company’s stock valued at $1,293,000 after acquiring an additional 222 shares during the last quarter. AAF Wealth Management LLC grew its holdings in Procter & Gamble by 24.5% during the 2nd quarter. AAF Wealth Management LLC now owns 1,550 shares of the company’s stock valued at $256,000 after purchasing an additional 305 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp raised its position in Procter & Gamble by 931.3% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 144,571 shares of the company’s stock worth $23,843,000 after purchasing an additional 130,552 shares during the period. Ritholtz Wealth Management lifted its stake in Procter & Gamble by 3.9% in the second quarter. Ritholtz Wealth Management now owns 77,350 shares of the company’s stock worth $12,757,000 after purchasing an additional 2,880 shares during the last quarter. Finally, Claro Advisors LLC boosted its position in shares of Procter & Gamble by 2.5% during the second quarter. Claro Advisors LLC now owns 35,577 shares of the company’s stock valued at $5,867,000 after buying an additional 878 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.9 %

PG stock traded up $1.51 during trading on Friday, reaching $171.54. 7,301,617 shares of the company traded hands, compared to its average volume of 6,188,285. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.89. The company has a market capitalization of $404.86 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 3.72 and a beta of 0.41. 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 business has a 50 day simple moving average of $167.48 and a 200 day simple moving average of $164.08.

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 analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter last year, the firm earned $1.37 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the 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 sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’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 transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PG. Citigroup raised their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

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.