Bfsg LLC Cuts Holdings in The Procter & Gamble Company (NYSE:PG)

Bfsg LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,563 shares of the company’s stock after selling 1,293 shares during the period. Bfsg LLC’s holdings in Procter & Gamble were worth $4,601,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PG. GAMMA Investing LLC grew its stake in Procter & Gamble by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the company’s stock valued at $2,600,000 after acquiring an additional 3,009 shares during the period. Chickasaw Capital Management LLC increased its stake in shares of Procter & Gamble by 2.6% during the first quarter. Chickasaw Capital Management LLC now owns 10,106 shares of the company’s stock worth $1,640,000 after purchasing an additional 260 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Procter & Gamble by 10.9% during the 1st quarter. Carolina Wealth Advisors LLC now owns 710 shares of the company’s stock worth $115,000 after purchasing an additional 70 shares during the last quarter. Marion Wealth Management lifted its stake in Procter & Gamble by 21.5% in the 1st quarter. Marion Wealth Management now owns 3,389 shares of the company’s stock valued at $550,000 after buying an additional 599 shares in the last quarter. Finally, Bath Savings Trust Co boosted its holdings in Procter & Gamble by 11.1% in the 1st quarter. Bath Savings Trust Co now owns 43,231 shares of the company’s stock worth $7,014,000 after buying an additional 4,326 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 383,194 shares of company stock valued at $65,140,718. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $172.36 on Thursday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. 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 stock has a market cap of $406.78 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The business has a fifty day moving average of $171.72 and a two-hundred day moving average of $167.00.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same period last year, the company earned $1.37 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Analyst Ratings Changes

A number of equities analysts have commented on PG shares. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price 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 report on Friday, October 4th. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. Evercore ISI increased their target price 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. Finally, Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.