CFO4Life Group LLC Trims Stake in The Procter & Gamble Company (NYSE:PG)

CFO4Life Group LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,218 shares of the company’s stock after selling 405 shares during the quarter. CFO4Life Group LLC’s holdings in Procter & Gamble were worth $2,956,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Raleigh Capital Management Inc. raised its position in Procter & Gamble by 10.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 9,059 shares of the company’s stock valued at $1,321,000 after purchasing an additional 852 shares during the last quarter. Global Wealth Strategies & Associates raised its position in shares of Procter & Gamble by 9.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 842 shares of the company’s stock worth $123,000 after acquiring an additional 76 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Procter & Gamble by 0.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 290,192 shares of the company’s stock worth $42,525,000 after acquiring an additional 2,622 shares in the last quarter. Chemung Canal Trust Co. raised its position in shares of Procter & Gamble by 0.4% in the 4th quarter. Chemung Canal Trust Co. now owns 97,055 shares of the company’s stock worth $14,222,000 after acquiring an additional 415 shares in the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. Baron Wealth Management LLC now owns 6,122 shares of the company’s stock worth $897,000 after buying an additional 83 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PG shares. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Citigroup upped their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.74.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated 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 sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated 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 sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the sale, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold a total of 154,544 shares of company stock valued at $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $1.71 during trading on Friday, reaching $167.25. The company had a trading volume of 2,089,200 shares, compared to its average volume of 6,488,935. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41. The firm’s 50-day simple moving average is $166.07 and its 200 day simple moving average is $159.94. The firm has a market capitalization of $394.73 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 3.19 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its 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 analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. Sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio 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.