Barrow Hanley Mewhinney & Strauss LLC Has $22.69 Million Stake in The Procter & Gamble Company (NYSE:PG)

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 32.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,576 shares of the company’s stock after selling 67,480 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Procter & Gamble were worth $22,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble in the second quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. lifted its position in Procter & Gamble by 64.7% during 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 in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,000. Finally, Vima LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble 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 transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $174.22 on Monday. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The company’s 50 day moving average price is $170.21 and its two-hundred day moving average price is $165.78. The firm has a market cap of $411.18 billion, a PE ratio of 28.47, a PEG ratio of 3.84 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given 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 yield of 2.31%. Procter & Gamble’s dividend payout ratio is 65.69%.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Royal Bank of Canada increased their price target 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. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.00.

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.