The Procter & Gamble Company (NYSE:PG) Shares Sold by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,687 shares of the company’s stock after selling 1,047 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 18th biggest holding. Smallwood Wealth Investment Management LLC’s holdings in Procter & Gamble were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC lifted its stake in shares of Procter & Gamble by 6.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,058 shares of the company’s stock worth $339,000 after purchasing an additional 127 shares during the period. Atomi Financial Group Inc. grew its holdings in Procter & Gamble by 28.2% in the 2nd quarter. Atomi Financial Group Inc. now owns 29,371 shares of the company’s stock valued at $4,844,000 after buying an additional 6,457 shares during the period. Aspen Investment Management Inc lifted its holdings in shares of Procter & Gamble by 3.1% during the 2nd quarter. Aspen Investment Management Inc now owns 7,477 shares of the company’s stock worth $1,233,000 after acquiring an additional 225 shares during the period. Dearborn Partners LLC boosted its position in shares of Procter & Gamble by 0.8% in the second quarter. Dearborn Partners LLC now owns 68,333 shares of the company’s stock worth $11,269,000 after acquiring an additional 559 shares during the last quarter. Finally, AlphaStar Capital Management LLC grew its holdings in Procter & Gamble by 11.0% in the second quarter. AlphaStar Capital Management LLC now owns 19,519 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,929 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. TD Cowen began 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. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price objective 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. Finally, Evercore ISI increased their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Stock Down 0.7 %

PG traded down $1.11 during trading on Tuesday, hitting $169.24. The company had a trading volume of 4,456,420 shares, compared to its average volume of 6,587,028. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $171.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market cap of $399.43 billion, a PE ratio of 27.66, a P/E/G ratio of 3.64 and a beta of 0.41. The business has a 50-day moving average of $167.35 and a 200-day moving average of $163.77.

Procter & Gamble (NYSE:PG) last issued its earnings results 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. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date was Friday, July 19th. 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 65.69%.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Andre Schulten sold 13,041 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,313 shares of company stock valued at $57,539,677. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.