DMC Group LLC Sells 246 Shares of The Procter & Gamble Company (NYSE:PG)

DMC Group LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,438 shares of the company’s stock after selling 246 shares during the quarter. DMC Group LLC’s holdings in Procter & Gamble were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Procter & Gamble during the fourth quarter worth about $3,956,117,000. TD Asset Management Inc increased its position in shares of Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after purchasing an additional 1,907,716 shares during the last quarter. Swedbank AB acquired a new stake in Procter & Gamble in the 1st quarter valued at about $233,788,000. Ilex Capital Partners UK LLP bought a new stake in Procter & Gamble in the 1st quarter valued at $228,212,000. Finally, California Public Employees Retirement System lifted its stake in shares of Procter & Gamble by 17.1% during the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after buying an additional 1,387,539 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the transaction, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 125,462 shares of company stock worth $21,238,114 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

PG has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Barclays dropped their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Evercore ISI lifted their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Trading Up 0.9 %

Shares of PG traded up $1.51 during mid-day trading on Wednesday, hitting $168.80. 5,466,438 shares of the company’s stock traded hands, compared to its average volume of 6,659,806. 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 firm has a market capitalization of $398.39 billion, a P/E ratio of 27.48, a PEG ratio of 3.64 and a beta of 0.41. The business’s 50-day moving average price is $166.93 and its 200-day moving average price is $163.06. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.72.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (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 business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the firm earned $1.37 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Procter & Gamble 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.