ASB Consultores LLC Has $666,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

ASB Consultores LLC lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 33.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,040 shares of the company’s stock after selling 2,011 shares during the period. ASB Consultores LLC’s holdings in Procter & Gamble were worth $666,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $31,000. Ruedi Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the second quarter worth approximately $34,000. Finally, Vima LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.40, for a total value of $14,991,621.60. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $51,252,400.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 owns 263,537 shares in the company, valued at $44,508,763.93. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock valued at $63,829,141 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $171.54 on Friday. The stock has a 50 day moving average of $170.06 and a 200 day moving average of $165.59. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The company has a market capitalization of $404.86 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter 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, sell-side analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PG shares. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Citigroup upped their price target 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. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.16.

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.