Biechele Royce Advisors Has $1.26 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Biechele Royce Advisors cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,750 shares of the company’s stock after selling 3,142 shares during the period. Procter & Gamble accounts for 0.4% of Biechele Royce Advisors’ holdings, making the stock its 27th largest position. Biechele Royce Advisors’ holdings in Procter & Gamble were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Hemington Wealth Management increased its holdings in shares of Procter & Gamble by 2.9% during the first quarter. Hemington Wealth Management now owns 2,838 shares of the company’s stock worth $461,000 after purchasing an additional 81 shares during the period. Howland Capital Management LLC increased its holdings in shares of Procter & Gamble by 2.1% during the first quarter. Howland Capital Management LLC now owns 109,473 shares of the company’s stock worth $17,762,000 after purchasing an additional 2,209 shares during the period. Keener Financial Planning LLC increased its holdings in shares of Procter & Gamble by 12.0% during the first quarter. Keener Financial Planning LLC now owns 661 shares of the company’s stock worth $108,000 after purchasing an additional 71 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Procter & Gamble by 2.0% during the first quarter. DAVENPORT & Co LLC now owns 152,378 shares of the company’s stock worth $24,723,000 after purchasing an additional 2,996 shares during the period. Finally, Commonwealth Retirement Investments LLC increased its holdings in shares of Procter & Gamble by 1.9% during the first quarter. Commonwealth Retirement Investments LLC now owns 27,099 shares of the company’s stock worth $4,397,000 after purchasing an additional 496 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on 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 owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,544 shares of company stock worth $25,413,051. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PG. Argus raised their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.74.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE:PG traded down $1.28 during mid-day trading on Thursday, reaching $165.52. 5,831,456 shares of the company’s stock were exchanged, compared to its average volume of 6,522,896. The firm has a market capitalization of $390.65 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.18 and a beta of 0.41. The business’s fifty day moving average price is $166.04 and its 200-day moving average price is $159.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

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.