Moisand Fitzgerald Tamayo LLC Sells 2,238 Shares of The Procter & Gamble Company (NYSE:PG)

Moisand Fitzgerald Tamayo LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 67.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,098 shares of the company’s stock after selling 2,238 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Procter & Gamble were worth $190,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth about $31,000. Ruedi Wealth Management Inc. grew its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. Finally, POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $34,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. DA Davidson started coverage on Procter & Gamble in a research note on Wednesday. They issued a “neutral” rating and a $159.00 target price for the company. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Finally, Royal Bank of Canada raised their target price 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. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.05.

Procter & Gamble Price Performance

PG stock opened at $168.95 on Friday. The Procter & Gamble Company has a 52-week low of $141.66 and a 52-week high of $177.94. The business has a 50-day simple moving average of $171.45 and a two-hundred day simple moving average of $166.66. 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 capitalization of $398.75 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter last year, the firm earned $1.37 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.94%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

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.