Metropolitan Life Insurance Co NY Sells 2,804 Shares of The Procter & Gamble Company (NYSE:PG)

Metropolitan Life Insurance Co NY reduced its stake in The Procter & Gamble Company (NYSE:PG) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,716 shares of the company’s stock after selling 2,804 shares during the quarter. Procter & Gamble comprises 0.8% of Metropolitan Life Insurance Co NY’s holdings, making the stock its 22nd largest position. Metropolitan Life Insurance Co NY’s holdings in Procter & Gamble were worth $15,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of PG. GW&K Investment Management LLC bought a new position in shares of Procter & Gamble during the first quarter worth approximately $28,000. Your Advocates Ltd. LLP boosted its position in shares of Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after acquiring an additional 158 shares in the last quarter. Ten Capital Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 325.8% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after acquiring an additional 202 shares in the last quarter. Wunderlich Capital Managemnt acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $40,000. Finally, Silicon Valley Capital Partners boosted its position in shares of Procter & Gamble by 51.3% during the 1st quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock worth $42,000 after acquiring an additional 96 shares in the last quarter. 63.43% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Susan Street Whaley sold 884 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $154.49, for a total value of $136,569.16. Following the transaction, the insider now owns 8,073 shares of the company’s stock, valued at $1,247,197.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Susan Street Whaley sold 884 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $154.49, for a total transaction of $136,569.16. Following the completion of the transaction, the insider now directly owns 8,073 shares in the company, valued at $1,247,197.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 19,661 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares of the company’s stock, valued at $3,750,499.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,088 shares of company stock worth $14,565,908. 0.17% of the stock is owned by company insiders.

Procter & Gamble Price Performance

PG opened at $150.66 on Monday. The firm has a market cap of $355.09 billion, a P/E ratio of 24.48, a PEG ratio of 3.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.48 and a current ratio of 0.67. The Procter & Gamble Company has a fifty-two week low of $135.83 and a fifty-two week high of $158.38. The firm has a 50-day moving average of $149.28 and a 200 day moving average of $150.65.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.12. The company had revenue of $21.87 billion during the quarter, compared to analyst estimates of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. On average, research analysts expect that The Procter & Gamble Company will post 6.42 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s payout ratio is 61.04%.

Analyst Ratings Changes

PG has been the topic of several analyst reports. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating on the stock in a research report on Thursday, October 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Barclays cut their price target on shares of Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Finally, Bank of America lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.83.

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.