The Procter & Gamble Company (NYSE:PG) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lessened its position in The Procter & Gamble Company (NYSE:PG) by 19.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,715 shares of the company’s stock after selling 1,662 shares during the quarter. Koss Olinger Consulting LLC’s holdings in The Procter & Gamble were worth $906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transform Wealth LLC lifted its position in The Procter & Gamble by 38.0% during the second quarter. Transform Wealth LLC now owns 10,679 shares of the company’s stock worth $1,441,000 after buying an additional 2,940 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in The Procter & Gamble by 5.0% during the second quarter. Stratos Wealth Advisors LLC now owns 57,853 shares of the company’s stock worth $7,806,000 after buying an additional 2,751 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in The Procter & Gamble by 7.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 390,984 shares of the company’s stock worth $52,951,000 after buying an additional 26,537 shares in the last quarter. Principle Wealth Partners LLC lifted its position in The Procter & Gamble by 9.3% during the first quarter. Principle Wealth Partners LLC now owns 78,781 shares of the company’s stock worth $10,669,000 after buying an additional 6,720 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. lifted its position in The Procter & Gamble by 2.8% during the second quarter. Mastrapasqua Asset Management Inc. now owns 74,622 shares of the company’s stock worth $10,069,000 after buying an additional 2,044 shares in the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

A number of research firms have commented on PG. UBS Group began coverage on The Procter & Gamble in a research report on Wednesday, June 23rd. They issued a “neutral” rating and a $138.00 target price on the stock. Citigroup lifted their target price on The Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, August 2nd. Royal Bank of Canada lifted their price objective on The Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a research note on Monday, August 2nd. Credit Suisse Group lifted their price objective on The Procter & Gamble from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $163.00 price objective on shares of The Procter & Gamble in a research note on Sunday, September 12th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.63.

In related news, Director Nelson Peltz sold 315,295 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $142.15, for a total value of $44,819,184.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Shailesh Jejurikar sold 22,344 shares of the stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $142.75, for a total value of $3,189,606.00. Following the completion of the sale, the chief executive officer now owns 38,466 shares of the company’s stock, valued at $5,491,021.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 748,024 shares of company stock worth $106,760,698. Insiders own 0.51% of the company’s stock.

Shares of PG traded down $0.84 on Monday, reaching $143.50. The stock had a trading volume of 135,560 shares, compared to its average volume of 7,946,016. The firm has a market capitalization of $348.46 billion, a PE ratio of 26.10, a PEG ratio of 3.47 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $142.32 and a 200 day moving average of $137.06. The Procter & Gamble Company has a twelve month low of $121.54 and a twelve month high of $147.23.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, July 29th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $18.95 billion for the quarter, compared to analysts’ expectations of $18.38 billion. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 23rd were issued a $0.8698 dividend. The ex-dividend date of this dividend was Thursday, July 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s dividend payout ratio is currently 61.48%.

The Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also: Moving Average (MA)

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

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