Victory Capital Management Inc. Sells 10,187 Shares of The Procter & Gamble Company (NYSE:PG)

Victory Capital Management Inc. lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,778,188 shares of the company’s stock after selling 10,187 shares during the period. Victory Capital Management Inc. owned about 0.08% of Procter & Gamble worth $293,259,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $28,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Ruedi Wealth Management Inc. grew its stake in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares during the last quarter. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the second quarter valued at about $34,000. Finally, Vima LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.2 %

Shares of NYSE:PG opened at $175.47 on Friday. 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 business has a fifty day moving average of $168.05 and a two-hundred day moving average of $164.52. The stock has a market cap of $414.13 billion, a P/E ratio of 28.67, a PEG ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $176.55.

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

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analysts Set New Price Targets

Several research firms have issued reports on PG. BNP Paribas began coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,553 shares of company stock valued at $63,829,141. Corporate insiders own 0.17% of the company’s stock.

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.