The Procter & Gamble Company (NYSE:PG) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc decreased its position in The Procter & Gamble Company (NYSE:PG) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,766 shares of the company’s stock after selling 375 shares during the quarter. Procter & Gamble accounts for about 1.3% of InTrack Investment Management Inc’s holdings, making the stock its 14th biggest holding. InTrack Investment Management Inc’s holdings in Procter & Gamble were worth $1,747,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Demars Financial Group LLC raised its position in shares of Procter & Gamble by 4.4% during the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after buying an additional 63 shares in the last quarter. Emerald Advisors LLC raised its stake in shares of Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after buying an additional 65 shares in the last quarter. O Brien Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after buying an additional 65 shares during the period. Mechanics Financial Corp boosted its stake in Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after buying an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC grew its holdings in Procter & Gamble by 2.1% during the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock worth $461,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock worth $25,413,051 over the last 90 days. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several research reports. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Barclays increased their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Stock Up 0.7 %

Shares of Procter & Gamble stock opened at $163.93 on Wednesday. The stock has a 50-day simple moving average of $165.65 and a 200-day simple moving average of $159.01. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The firm has a market cap of $386.90 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced 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 net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the business posted $1.37 EPS. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a dividend of $1.0065 per share. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.