Semmax Financial Advisors Inc. Has $279,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Semmax Financial Advisors Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 89.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the company’s stock after selling 13,548 shares during the period. Semmax Financial Advisors Inc.’s holdings in Procter & Gamble were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PG. Gilbert & Cook Inc. grew its position in Procter & Gamble by 7.7% during the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after acquiring an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings 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 purchasing an additional 6,390 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $756,000. Mitchell Sinkler & Starr PA raised its holdings in shares of Procter & Gamble by 19.2% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 80,885 shares of the company’s stock valued at $11,853,000 after buying an additional 13,050 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $2,292,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $173.77 on Tuesday. 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 capitalization of $410.12 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.84 and a beta of 0.41. 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 business has a 50-day moving average of $170.40 and a 200-day moving average of $165.88.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.97 earnings per share 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 given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. Barclays dropped their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. TD Cowen began coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Royal Bank of Canada increased their target price on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $176.00.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on 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 sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on 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 sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last three months, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is owned by company 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.