The Procter & Gamble Company (NYSE:PG) Shares Sold by Southern Capital Advisors LLC

Southern Capital Advisors LLC decreased its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,609 shares of the company’s stock after selling 888 shares during the quarter. Procter & Gamble accounts for about 2.1% of Southern Capital Advisors LLC’s holdings, making the stock its 12th largest holding. Southern Capital Advisors LLC’s holdings in Procter & Gamble were worth $3,506,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PG. Advantage Trust Co acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

Shares of PG traded up $1.07 during midday trading on Wednesday, hitting $166.73. 5,036,807 shares of the stock were exchanged, compared to its average volume of 6,528,171. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The stock has a fifty day simple moving average of $165.97 and a 200 day simple moving average of $159.85. The firm has a market cap of $393.51 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Argus increased their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Get Our Latest Research Report on PG

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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