Blue Square Asset Management LLC Sells 630 Shares of The Procter & Gamble Company (NYSE:PG)

Blue Square Asset Management LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,807 shares of the company’s stock after selling 630 shares during the quarter. Blue Square Asset Management LLC’s holdings in Procter & Gamble were worth $1,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Howland Capital Management LLC boosted its holdings in shares of Procter & Gamble by 2.1% during the 1st quarter. Howland Capital Management LLC now owns 109,473 shares of the company’s stock worth $17,762,000 after buying an additional 2,209 shares during the period. Keener Financial Planning LLC boosted its holdings in Procter & Gamble by 12.0% in the 1st quarter. Keener Financial Planning LLC now owns 661 shares of the company’s stock valued at $108,000 after purchasing an additional 71 shares during the period. DAVENPORT & Co LLC boosted its holdings in Procter & Gamble by 2.0% in the 1st quarter. DAVENPORT & Co LLC now owns 152,378 shares of the company’s stock valued at $24,723,000 after purchasing an additional 2,996 shares during the period. Commonwealth Retirement Investments LLC boosted its holdings in Procter & Gamble by 1.9% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 27,099 shares of the company’s stock valued at $4,397,000 after purchasing an additional 496 shares during the period. Finally, Csenge Advisory Group boosted its holdings in Procter & Gamble by 3.0% in the 1st quarter. Csenge Advisory Group now owns 36,478 shares of the company’s stock valued at $5,919,000 after purchasing an additional 1,064 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last three months. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

PG stock traded down $1.28 during trading on Thursday, reaching $165.52. 5,831,456 shares of the company were exchanged, compared to its average volume of 6,522,896. The company has a 50-day moving average of $166.04 and a two-hundred day moving average of $159.90. The company has a market capitalization of $390.65 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the company posted $1.37 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analyst Ratings Changes

A number of research firms have issued reports on PG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.74.

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.