Total Clarity Wealth Management Inc. Sells 243 Shares of The Procter & Gamble Company (NYSE:PG)

Total Clarity Wealth Management Inc. decreased its stake in The Procter & Gamble Company (NYSE:PG) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,205 shares of the company’s stock after selling 243 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Procter & Gamble were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. raised its holdings in shares of Procter & Gamble by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares during the period. Gryphon Financial Partners LLC raised its stake in Procter & Gamble by 8.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock valued at $12,341,000 after buying an additional 6,390 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Procter & Gamble by 4.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,563 shares of the company’s stock valued at $522,000 after buying an additional 140 shares during the last quarter. Sachetta LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $1,383,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Procter & Gamble by 1.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,851,627 shares of the company’s stock worth $417,878,000 after acquiring an additional 43,985 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the completion of the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. 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 over the last 90 days. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. Evercore ISI raised their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. BNP Paribas assumed coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. JPMorgan Chase & Co. decreased their price target 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. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Finally, 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. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $177.25 on Tuesday. 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 $418.33 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a 50 day moving average of $169.59 and a 200-day moving average of $165.37. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 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 $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 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 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.