The Procter & Gamble Company (NYSE:PG) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 6.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,199 shares of the company’s stock after selling 81 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Procter & Gamble were worth $208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Private Wealth LLC purchased a new stake in shares of Procter & Gamble during the first quarter worth approximately $251,000. Compton Wealth Advisory Group LLC raised its stake in shares of Procter & Gamble by 2.9% during the first quarter. Compton Wealth Advisory Group LLC now owns 9,231 shares of the company’s stock worth $1,498,000 after purchasing an additional 261 shares during the last quarter. Security Financial Services INC. raised its stake in shares of Procter & Gamble by 10.8% during the first quarter. Security Financial Services INC. now owns 4,613 shares of the company’s stock worth $749,000 after purchasing an additional 448 shares during the last quarter. Royal Fund Management LLC raised its stake in shares of Procter & Gamble by 2.0% during the first quarter. Royal Fund Management LLC now owns 32,010 shares of the company’s stock worth $5,198,000 after purchasing an additional 628 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Procter & Gamble by 6.3% during the first quarter. Ballentine Partners LLC now owns 52,303 shares of the company’s stock worth $8,486,000 after purchasing an additional 3,112 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related 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 transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 1.1 %

Shares of NYSE:PG traded down $1.84 during mid-day trading on Monday, hitting $169.44. 2,480,154 shares of the company traded hands, compared to its average volume of 6,671,717. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The firm’s 50 day simple moving average is $171.77 and its 200 day simple moving average is $167.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm has a market cap of $399.90 billion, a P/E ratio of 27.62, a PEG ratio of 3.74 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 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 $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter last year, the firm earned $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BNP Paribas began coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

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.