Frisch Financial Group Inc. Sells 124 Shares of The Procter & Gamble Company (NYSE:PG)

Frisch Financial Group Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,163 shares of the company’s stock after selling 124 shares during the quarter. Frisch Financial Group Inc.’s holdings in Procter & Gamble were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. HighPoint Advisor Group LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $17,696,000. Bayesian Capital Management LP increased its stake in Procter & Gamble by 43.0% in the fourth quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock worth $7,743,000 after purchasing an additional 15,900 shares during the period. Steele Capital Management Inc. purchased a new stake in Procter & Gamble in the first quarter worth $204,000. Gilbert & Cook Inc. increased its stake in Procter & Gamble by 7.7% in the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after purchasing an additional 1,237 shares during the period. Finally, Mosley Wealth Management purchased a new stake in Procter & Gamble in the fourth quarter worth $537,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $177.25 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The company has a market cap of $418.33 billion, a PE ratio of 28.96, a P/E/G ratio of 3.76 and a beta of 0.41. The business has a 50-day simple moving average of $169.59 and a two-hundred day simple moving average of $165.37. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.27%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PG. Stifel Nicolaus raised their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. Citigroup raised their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised their price target on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

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.