McCarley & Cook Financial Planners Sells 5,675 Shares of Procter & Gamble Company (The) $PG

McCarley & Cook Financial Planners cut its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 22.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,138 shares of the company’s stock after selling 5,675 shares during the quarter. Procter & Gamble makes up approximately 2.2% of McCarley & Cook Financial Planners’ investment portfolio, making the stock its 10th largest holding. McCarley & Cook Financial Planners’ holdings in Procter & Gamble were worth $2,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble during the second quarter valued at about $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. Evergreen Advisors LLC bought a new position in shares of Procter & Gamble in the first quarter worth about $37,000. Finally, Toews Corp ADV bought a new position in shares of Procter & Gamble in the second quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PG shares. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. HSBC reaffirmed a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Citigroup raised their target price on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 9th. Jefferies Financial Group lifted their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Fourteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.50.

Read Our Latest Stock Analysis on Procter & Gamble

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Whaley sold 2,369 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $145.34, for a total transaction of $344,310.46. Following the transaction, the insider directly owned 30,730 shares in the company, valued at $4,466,298.20. The trade was a 7.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew Janzaruk sold 359 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,135 shares of company stock valued at $2,189,970 over the last quarter. Company insiders own 0.23% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Stock Performance

NYSE PG opened at $165.94 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market capitalization of $385.41 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 3.90 and a beta of 0.39. The company’s fifty day moving average is $148.08 and its two-hundred day moving average is $146.99. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Procter & Gamble Profile

(Free Report)

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

Featured Stories

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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