Evanson Asset Management LLC Sells 977 Shares of The Procter & Gamble Company (NYSE:PG)

Evanson Asset Management LLC decreased its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 13.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,031 shares of the company’s stock after selling 977 shares during the period. Evanson Asset Management LLC’s holdings in Procter & Gamble were worth $867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Lansing Street Advisors purchased a new stake in Procter & Gamble in the first quarter worth $37,000. Western Pacific Wealth Management LP purchased a new stake in Procter & Gamble in the fourth quarter worth $40,000. Dravo Bay LLC purchased a new stake in Procter & Gamble in the first quarter worth $40,000. Retirement Group LLC lifted its stake in Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $50,000. Institutional investors own 63.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PG. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $156.00 in a research note on Thursday, July 21st. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research report on Monday, June 20th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Barclays lowered their price objective on Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $162.93.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 169,365 shares of Procter & Gamble stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $146.56, for a total value of $24,822,134.40. Following the completion of the sale, the chief executive officer now directly owns 164,761 shares in the company, valued at approximately $24,147,372.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares in the company, valued at approximately $728,770. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 169,365 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $146.56, for a total value of $24,822,134.40. Following the sale, the chief executive officer now owns 164,761 shares of the company’s stock, valued at $24,147,372.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $136.21 on Friday. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The business has a fifty day moving average price of $142.58 and a 200-day moving average price of $147.19. The company has a market capitalization of $324.93 billion, a PE ratio of 23.44, a PEG ratio of 3.49 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.68%. Procter & Gamble’s payout ratio is 62.82%.

Procter & Gamble Profile

(Get Rating)

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.

Further Reading

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

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