Certified Advisory Corp Sells 75 Shares of The Procter & Gamble Company (NYSE:PG)

Certified Advisory Corp reduced its stake in The Procter & Gamble Company (NYSE:PG) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,237 shares of the company’s stock after selling 75 shares during the period. Certified Advisory Corp’s holdings in Procter & Gamble were worth $699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the 2nd quarter valued at $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $29,000. Ruedi Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $34,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $31,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 0.3 %

Shares of NYSE PG opened at $173.77 on Tuesday. The business has a fifty day moving average price of $170.40 and a 200 day moving average price of $165.88. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. 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 $410.12 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research reports. Citigroup boosted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $176.00.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble 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.