United Services Automobile Association Sells 7,507 Shares of The Procter & Gamble Company (NYSE:PG)

United Services Automobile Association reduced its stake in The Procter & Gamble Company (NYSE:PG) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 447,628 shares of the company’s stock after selling 7,507 shares during the quarter. Procter & Gamble makes up about 1.9% of United Services Automobile Association’s portfolio, making the stock its 14th largest holding. United Services Automobile Association’s holdings in Procter & Gamble were worth $73,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC grew its position in Procter & Gamble by 286.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 22,628 shares of the company’s stock valued at $3,732,000 after purchasing an additional 16,770 shares during the last quarter. Choreo LLC grew its holdings in shares of Procter & Gamble by 99.3% during the second quarter. Choreo LLC now owns 118,213 shares of the company’s stock valued at $19,258,000 after buying an additional 58,892 shares during the last quarter. Fox Hill Wealth Management increased its position in shares of Procter & Gamble by 2.6% during the second quarter. Fox Hill Wealth Management now owns 3,495 shares of the company’s stock valued at $576,000 after acquiring an additional 89 shares in the last quarter. Cahill Financial Advisors Inc. raised its holdings in Procter & Gamble by 3.0% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 2,272 shares of the company’s stock worth $375,000 after acquiring an additional 66 shares during the last quarter. Finally, HCR Wealth Advisors boosted its stake in Procter & Gamble by 12.8% during the 2nd quarter. HCR Wealth Advisors now owns 9,681 shares of the company’s stock valued at $1,597,000 after purchasing an additional 1,098 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PG shares. BNP Paribas began coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Barclays reduced their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at approximately $3,657,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock worth $63,829,141 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.2 %

Shares of NYSE:PG opened at $175.99 on Monday. The stock has a 50 day moving average of $168.26 and a 200 day moving average of $164.72. The company has a market cap of $415.36 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.04. 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 posted its quarterly earnings results 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. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm 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. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.