The Procter & Gamble Company (NYSE:PG) is CCG Wealth Management LLC’s 6th Largest Position

CCG Wealth Management LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 57.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,341 shares of the company’s stock after selling 48,142 shares during the period. Procter & Gamble comprises 3.5% of CCG Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. CCG Wealth Management LLC’s holdings in Procter & Gamble were worth $6,294,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Acorn Creek Capital LLC boosted its holdings in Procter & Gamble by 2.8% during the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock valued at $376,000 after acquiring an additional 59 shares during the period. ERn Financial LLC boosted its stake in shares of Procter & Gamble by 8.6% in the third quarter. ERn Financial LLC now owns 4,556 shares of the company’s stock valued at $789,000 after purchasing an additional 360 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in shares of Procter & Gamble by 3.9% in the third quarter. Foster Victor Wealth Advisors LLC now owns 42,138 shares of the company’s stock valued at $7,133,000 after purchasing an additional 1,593 shares in the last quarter. PFG Advisors raised its stake in shares of Procter & Gamble by 38.9% in the third quarter. PFG Advisors now owns 50,613 shares of the company’s stock valued at $8,766,000 after acquiring an additional 14,166 shares in the last quarter. Finally, Petredis Investment Advisors LLC boosted its stake in shares of Procter & Gamble by 0.4% in the 3rd quarter. Petredis Investment Advisors LLC now owns 33,529 shares of the company’s stock valued at $5,807,000 after buying an additional 133 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction 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 owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on PG shares. TD Cowen assumed coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price on the stock. BNP Paribas began coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Citigroup upped their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $173.61 on Wednesday. The company has a market cap of $409.74 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The business has a fifty day moving average of $171.68 and a two-hundred day moving average of $166.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is currently 65.69%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.