Valley Wealth Managers Inc. Sells 2,513 Shares of The Procter & Gamble Company (NYSE:PG)

Valley Wealth Managers Inc. cut its holdings in The Procter & Gamble Company (NYSE:PG) by 8.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,047 shares of the company’s stock after selling 2,513 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Procter & Gamble were worth $4,713,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PG. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Procter & Gamble during the third quarter valued at approximately $2,858,000. VisionPoint Advisory Group LLC raised its stake in Procter & Gamble by 14.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 2,119 shares of the company’s stock worth $309,000 after purchasing an additional 266 shares in the last quarter. Financial Insights Inc. acquired a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $585,000. Dagco Inc. increased its holdings in shares of Procter & Gamble by 991.3% during the third quarter. Dagco Inc. now owns 244,713 shares of the company’s stock worth $35,694,000 after purchasing an additional 222,289 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in shares of Procter & Gamble by 10.4% in the third quarter. Raleigh Capital Management Inc. now owns 9,059 shares of the company’s stock valued at $1,321,000 after buying an additional 852 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. BNP Paribas began coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.74.

Insider Transactions at Procter & Gamble

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was 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 directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 in the last quarter. 0.17% of the stock is owned by insiders.

Procter & Gamble Trading Down 1.1 %

NYSE:PG traded down $1.78 during mid-day trading on Thursday, reaching $165.02. 2,801,665 shares of the company’s stock traded hands, compared to its average volume of 6,498,926. The company has a 50 day moving average price of $166.04 and a 200-day moving average price of $159.90. The firm has a market capitalization of $389.47 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm 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%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.85%.

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.