Cetera Investment Advisers Lowers Position in The Procter & Gamble Company (NYSE:PG)

Cetera Investment Advisers trimmed its position in The Procter & Gamble Company (NYSE:PG) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720,079 shares of the company’s stock after selling 48,510 shares during the period. Cetera Investment Advisers’ holdings in Procter & Gamble were worth $118,756,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth about $28,000. Fairway Wealth LLC purchased a new stake in Procter & Gamble in the second quarter worth about $29,000. Transcendent Capital Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. boosted its position in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares in the last quarter. Finally, POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Evercore ISI raised their price target on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Procter & Gamble Price Performance

NYSE PG opened at $173.14 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The business’s fifty day moving average is $170.88 and its 200 day moving average is $166.28. The company has a market capitalization of $408.63 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue was down .1% on a year-over-year basis. Sell-side 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. Stockholders 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 dividend yield of 2.33%. Procter & Gamble’s payout ratio is 65.69%.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’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 sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jon R. Moeller sold 72,174 shares of the business’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 transaction, the chief executive officer now directly owns 263,158 shares in the company, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.