The Procter & Gamble Company (NYSE:PG) Shares Sold by Biechele Royce Advisors

Biechele Royce Advisors lowered its stake in The Procter & Gamble Company (NYSE:PG) by 28.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,750 shares of the company’s stock after selling 3,142 shares during the quarter. Procter & Gamble comprises 0.4% of Biechele Royce Advisors’ portfolio, making the stock its 27th largest position. Biechele Royce Advisors’ holdings in Procter & Gamble were worth $1,258,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PG. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $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 and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 over the last quarter. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.8 %

Shares of PG stock traded down $1.28 on Thursday, reaching $165.52. 5,831,456 shares of the company’s stock traded hands, compared to its average volume of 6,522,896. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The company has a market capitalization of $390.65 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. The business’s 50 day moving average price is $166.04 and its two-hundred day moving average price is $159.90.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Citigroup lifted their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. BNP Paribas began coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.74.

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.