The Procter & Gamble Company (NYSE:PG) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,712 shares of the company’s stock after selling 32,261 shares during the period. Procter & Gamble makes up approximately 0.5% of Illinois Municipal Retirement Fund’s holdings, making the stock its 19th biggest position. Illinois Municipal Retirement Fund’s holdings in Procter & Gamble were worth $35,905,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PG. Cullen Frost Bankers Inc. lifted its position in shares of Procter & Gamble by 0.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 246,651 shares of the company’s stock valued at $40,678,000 after acquiring an additional 2,282 shares during the last quarter. Hanlon Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 14.7% during the second quarter. Hanlon Investment Management Inc. now owns 2,412 shares of the company’s stock valued at $398,000 after purchasing an additional 309 shares during the last quarter. Gentry Private Wealth LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $423,000. Commonwealth Retirement Investments LLC increased its stake in Procter & Gamble by 4.6% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 28,346 shares of the company’s stock worth $4,675,000 after purchasing an additional 1,247 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in Procter & Gamble by 16.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,803 shares of the company’s stock worth $792,000 after buying an additional 665 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.1 %

Shares of PG stock traded up $0.12 on Friday, hitting $175.59. The company’s stock had a trading volume of 5,785,684 shares, compared to its average volume of 6,591,211. The stock has a market capitalization of $414.42 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 3.72 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 $177.04. The firm’s fifty day moving average price is $168.26 and its 200-day moving average price is $164.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Activity

In related news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. 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 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Evercore ISI lifted their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $175.79.

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.