ProVise Management Group LLC Has $4.29 Million Position in The Procter & Gamble Company (NYSE:PG)

ProVise Management Group LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,992 shares of the company’s stock after selling 6,022 shares during the quarter. ProVise Management Group LLC’s holdings in Procter & Gamble were worth $4,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Gilbert & Cook Inc. increased its stake in Procter & Gamble by 7.7% during the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares in the last quarter. Gryphon Financial Partners LLC increased its position in shares of Procter & Gamble by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after acquiring an additional 6,390 shares in the last quarter. Tidemark LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $131,000. BlackDiamond Wealth Management LLC lifted its position in Procter & Gamble by 13.6% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $277,000 after acquiring an additional 209 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Procter & Gamble by 0.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 634,973 shares of the company’s stock valued at $93,049,000 after purchasing an additional 5,726 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock valued at $63,829,141 in the last three months. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PG. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Citigroup upped their target price 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. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.16.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $171.54 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The stock has a market cap of $404.86 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The stock has a fifty day moving average of $170.06 and a 200-day moving average of $165.59.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share 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 business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.