Ullmann Wealth Partners Group LLC Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Ullmann Wealth Partners Group LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,124 shares of the company’s stock after selling 270 shares during the period. Procter & Gamble makes up 0.5% of Ullmann Wealth Partners Group LLC’s investment portfolio, making the stock its 29th biggest holding. Ullmann Wealth Partners Group LLC’s holdings in Procter & Gamble were worth $3,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. increased its position in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $34,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $36,000. Finally, Vima LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Cowen initiated coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Evercore ISI upped their price target on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Seven 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.2 %

Shares of Procter & Gamble stock opened at $173.53 on Friday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The firm has a market cap of $409.56 billion, a PE ratio of 28.35, a P/E/G ratio of 3.77 and a beta of 0.41. The business’s fifty day moving average is $169.20 and its two-hundred day moving average is $165.07. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.