Bensler LLC Sells 71 Shares of The Procter & Gamble Company (NYSE:PG)

Bensler LLC lessened its position in The Procter & Gamble Company (NYSE:PG) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,342 shares of the company’s stock after selling 71 shares during the period. Bensler LLC’s holdings in Procter & Gamble were worth $221,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Procter & Gamble during the 4th quarter valued at $3,956,117,000. TD Asset Management Inc boosted its holdings in shares of Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after buying an additional 1,907,716 shares during the period. Swedbank AB acquired a new position in Procter & Gamble in the 1st quarter valued at about $233,788,000. Ilex Capital Partners UK LLP bought a new position in Procter & Gamble in the 1st quarter valued at about $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Procter & Gamble by 32.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after acquiring an additional 1,385,146 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of Procter & Gamble stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the transaction, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $51,252,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 338,313 shares of company stock valued at $57,539,677 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Barclays lowered their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, TD Cowen initiated coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Price Performance

NYSE PG traded down $1.11 during trading on Tuesday, hitting $169.24. 4,456,420 shares of the company’s stock were exchanged, compared to its average volume of 6,587,028. The stock’s 50 day moving average price is $167.35 and its two-hundred day moving average price is $163.77. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $171.89. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $399.43 billion, a PE ratio of 27.66, a P/E/G ratio of 3.64 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released 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 net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the company earned $1.37 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. 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%.

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.