The Procter & Gamble Company (NYSE:PG) Stake Decreased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,075 shares of the company’s stock after selling 796 shares during the period. Procter & Gamble makes up 1.9% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 7th biggest holding. Beese Fulmer Investment Management Inc.’s holdings in Procter & Gamble were worth $17,917,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners purchased a new position in Procter & Gamble during the fourth quarter worth about $28,000. GW&K Investment Management LLC acquired a new stake in shares of Procter & Gamble during the first quarter valued at about $28,000. IAG Wealth Partners LLC increased its position in shares of Procter & Gamble by 58.8% during the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Kepos Capital LP acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $38,000. Finally, Ten Capital Wealth Advisors LLC increased its position in shares of Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after acquiring an additional 202 shares during the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $164.00 to $172.00 in a report on Friday, July 28th. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $164.82.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE:PG opened at $154.05 on Tuesday. The company has a market capitalization of $363.14 billion, a PE ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38. The firm has a 50 day simple moving average of $153.35 and a 200-day simple moving average of $150.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The business had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is presently 63.73%.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 781 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the completion of the sale, the chief executive officer now owns 6,310 shares in the company, valued at approximately $964,294.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Moses Victor Javier Aguilar sold 789 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $152.85, for a total value of $120,598.65. Following the completion of the sale, the insider now owns 12,683 shares in the company, valued at approximately $1,938,596.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 781 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42. Following the completion of the sale, the chief executive officer now owns 6,310 shares of the company’s stock, valued at approximately $964,294.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is currently owned by 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.