The Procter & Gamble Company (NYSE:PG) Stock Position Lowered by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,524 shares of the company’s stock after selling 1,895 shares during the quarter. Procter & Gamble accounts for about 2.5% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 9th largest holding. Mitchell Sinkler & Starr PA’s holdings in Procter & Gamble were worth $9,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Procter & Gamble in the fourth quarter valued at about $3,956,117,000. TD Asset Management Inc increased its holdings in Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after purchasing an additional 1,907,716 shares during the period. Swedbank AB bought a new position in Procter & Gamble during the 1st quarter valued at approximately $233,788,000. Ilex Capital Partners UK LLP bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $228,212,000. Finally, Capital Research Global Investors increased its stake in shares of Procter & Gamble by 24.4% during the first quarter. Capital Research Global Investors now owns 5,560,887 shares of the company’s stock valued at $902,254,000 after buying an additional 1,089,102 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 1.0 %

Shares of NYSE:PG opened at $177.83 on Wednesday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The stock’s fifty day moving average price is $168.80 and its 200-day moving average price is $164.95. The company has a market cap of $419.70 billion, a P/E ratio of 29.06, a PEG ratio of 3.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter last year, the firm posted $1.37 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.26%. Procter & Gamble’s payout ratio is 65.85%.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock worth $63,829,141 in the last ninety days. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. Citigroup raised 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, July 10th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $175.79.

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.