Mather Group LLC. Sells 32,868 Shares of The Procter & Gamble Company (NYSE:PG)

Mather Group LLC. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 16.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 161,791 shares of the company’s stock after selling 32,868 shares during the period. Mather Group LLC.’s holdings in Procter & Gamble were worth $28,022,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PG. XML Financial LLC grew its stake in shares of Procter & Gamble by 3.3% during the 4th quarter. XML Financial LLC now owns 13,692 shares of the company’s stock valued at $2,006,000 after purchasing an additional 439 shares during the period. Unigestion Holding SA purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $32,604,000. Bennett Associates Wealth Management bought a new position in Procter & Gamble in the fourth quarter worth approximately $465,000. Advanced Portfolio Management LLC boosted its stake in shares of Procter & Gamble by 291.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 10,947 shares of the company’s stock worth $1,604,000 after acquiring an additional 8,149 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $1,203,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock valued at $65,140,718 over the last three months. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PG shares. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. BNP Paribas assumed coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada upped 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 report on Wednesday, July 31st. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Procter & Gamble Price Performance

PG stock opened at $167.07 on Tuesday. The company has a fifty day simple moving average of $171.15 and a two-hundred day simple moving average of $166.55. The Procter & Gamble Company has a 52 week low of $141.60 and a 52 week high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $394.31 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 3.73 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

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.