San Francisco Sentry Investment Group CA Lowers Position in Procter & Gamble Co (NYSE:PG)

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San Francisco Sentry Investment Group CA cut its holdings in Procter & Gamble Co (NYSE:PG) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,459 shares of the company’s stock after selling 1,624 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Procter & Gamble were worth $1,256,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its holdings in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Dougherty Wealth Advisers LLC increased its holdings in Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $36,000. Smart Portfolios LLC grew its stake in shares of Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after purchasing an additional 146 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in shares of Procter & Gamble by 71.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock worth $51,000 after purchasing an additional 193 shares during the period. 62.57% of the stock is owned by institutional investors.

PG stock traded down $0.95 during trading on Friday, hitting $120.23. 5,585,421 shares of the company’s stock were exchanged, compared to its average volume of 7,365,574. The business has a 50-day moving average price of $116.86 and a two-hundred day moving average price of $108.04. The stock has a market capitalization of $303.27 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 3.52 and a beta of 0.45. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $122.00. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s payout ratio is currently 65.93%.

In other news, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total value of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven D. Bishop sold 32,945 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $117.00, for a total value of $3,854,565.00. Following the completion of the sale, the chief executive officer now owns 78,052 shares in the company, valued at $9,132,084. The disclosure for this sale can be found here. In the last three months, insiders sold 448,674 shares of company stock worth $53,197,461. Corporate insiders own 1.84% of the company’s stock.

A number of equities research analysts have recently commented on the stock. TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. SunTrust Banks raised their price objective on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $114.00 to $125.00 in a research note on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.15.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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