RFG Advisory LLC Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

RFG Advisory LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,621 shares of the company’s stock after selling 839 shares during the quarter. RFG Advisory LLC’s holdings in Procter & Gamble were worth $6,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PG. Alaska Permanent Fund Corp raised its position in Procter & Gamble by 2.0% during the first quarter. Alaska Permanent Fund Corp now owns 114,290 shares of the company’s stock valued at $18,544,000 after acquiring an additional 2,236 shares in the last quarter. Stolper Co lifted its position in Procter & Gamble by 1.3% during the first quarter. Stolper Co now owns 12,344 shares of the company’s stock worth $2,003,000 after buying an additional 157 shares in the last quarter. Ellenbecker Investment Group lifted its position in Procter & Gamble by 4.0% during the first quarter. Ellenbecker Investment Group now owns 2,429 shares of the company’s stock worth $394,000 after buying an additional 94 shares in the last quarter. Montecito Bank & Trust lifted its position in Procter & Gamble by 16.0% during the first quarter. Montecito Bank & Trust now owns 24,106 shares of the company’s stock worth $3,911,000 after buying an additional 3,323 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in Procter & Gamble by 22.3% during the first quarter. Signal Advisors Wealth LLC now owns 5,451 shares of the company’s stock worth $884,000 after buying an additional 994 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Thursday, August 29th. Finally, Evercore ISI boosted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $176.21.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 383,194 shares of company stock valued at $65,140,718 in the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.1 %

NYSE:PG opened at $172.24 on Friday. The stock has a market cap of $406.51 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The stock has a 50-day simple moving average of $171.75 and a 200-day simple moving average of $167.04.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.