The Procter & Gamble Company (NYSE:PG) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,963 shares of the company’s stock after selling 100 shares during the quarter. Procter & Gamble comprises 3.1% of Hall Laurie J Trustee’s portfolio, making the stock its 6th largest holding. Hall Laurie J Trustee’s holdings in Procter & Gamble were worth $8,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Advantage Trust Co acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $28,000. Naples Money Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth about $29,000. Ruedi Wealth Management Inc. lifted its holdings in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.2 %

PG stock traded up $2.01 during trading hours on Tuesday, hitting $170.43. The company’s stock had a trading volume of 4,513,165 shares, compared to its average volume of 6,643,645. The stock has a 50 day moving average price of $167.07 and a two-hundred day moving average price of $163.45. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.72. The company has a market capitalization of $402.24 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 3.66 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating 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 company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PG. Argus raised their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $173.95.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on 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 directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,389 shares of company stock valued at $14,373,932. 0.17% of the stock is owned by insiders.

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.