LJI Wealth Management LLC Lowers Stake in The Procter & Gamble Company (NYSE:PG)

LJI Wealth Management LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,828 shares of the company’s stock after selling 229 shares during the quarter. LJI Wealth Management LLC’s holdings in Procter & Gamble were worth $301,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. AllGen Financial Advisors Inc. raised its stake in shares of Procter & Gamble by 5.4% during the 2nd quarter. AllGen Financial Advisors Inc. now owns 21,583 shares of the company’s stock worth $3,559,000 after acquiring an additional 1,108 shares in the last quarter. Mittelman Wealth Management grew its holdings in Procter & Gamble by 11.9% in the second quarter. Mittelman Wealth Management now owns 5,814 shares of the company’s stock worth $959,000 after purchasing an additional 616 shares during the last quarter. Miramar Capital LLC acquired a new position in shares of Procter & Gamble during the second quarter worth $357,000. Altrius Capital Management Inc lifted its holdings in shares of Procter & Gamble by 2.5% during the 2nd quarter. Altrius Capital Management Inc now owns 26,695 shares of the company’s stock valued at $4,403,000 after purchasing an additional 656 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 18.1% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $394,000 after purchasing an additional 367 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 1.1 %

Shares of NYSE:PG opened at $173.91 on Thursday. The company has a market capitalization of $410.45 billion, a PE ratio of 28.42, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The business has a 50 day moving average of $169.94 and a two-hundred day moving average of $165.55. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

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. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.31%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred 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 directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The shares were 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. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’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 transaction, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Stifel Nicolaus upped their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

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.