Kesler Norman & Wride LLC Trims Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Kesler Norman & Wride LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,470 shares of the company’s stock after selling 5,357 shares during the period. Procter & Gamble makes up approximately 1.3% of Kesler Norman & Wride LLC’s portfolio, making the stock its 21st biggest position. Kesler Norman & Wride LLC’s holdings in Procter & Gamble were worth $6,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PG. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the 2nd quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. grew its position 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 buying an additional 77 shares in the last quarter. Finally, POM Investment Strategies LLC acquired a new position in Procter & Gamble in the second quarter valued at approximately $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday. Stifel Nicolaus upped their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Stock Down 1.1 %

PG opened at $167.07 on Tuesday. 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 cap of $394.31 billion, a P/E ratio of 27.30, a PEG ratio of 3.73 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $141.60 and a 52 week high of $177.94. The business’s fifty day simple moving average is $171.15 and its 200 day simple moving average is $166.55.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 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 business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 634 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is owned by company insiders.

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.