FMA Wealth Management LLC Sells 100 Shares of The Procter & Gamble Company (NYSE:PG)

FMA Wealth Management LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 3.4% during the 3rd quarter, Holdings Channel reports. The fund owned 2,855 shares of the company’s stock after selling 100 shares during the period. Procter & Gamble comprises 0.4% of FMA Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. FMA Wealth Management LLC’s holdings in Procter & Gamble were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $485,000. Walden Wealth Partners LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $2,581,000. B. Riley Wealth Advisors Inc. boosted its stake in Procter & Gamble by 12.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 183,908 shares of the company’s stock worth $26,950,000 after purchasing an additional 20,519 shares during the period. Skyline Advisors Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $497,000. Finally, Hart & Patterson Financial Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth $359,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $159.00 price objective on shares of Procter & Gamble in a research note on Tuesday. Evercore ISI increased their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $1.10 during trading hours on Tuesday, hitting $173.61. 7,172,186 shares of the stock traded hands, compared to its average volume of 6,685,523. The firm’s 50 day moving average price is $171.57 and its 200-day moving average price is $166.88. 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 stock has a market capitalization of $409.74 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm 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 firm earned $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was down .1% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Procter & Gamble 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.