Nwam LLC Trims Position in Procter & Gamble Co (NYSE:PG)

Nwam LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,853 shares of the company’s stock after selling 639 shares during the quarter. Nwam LLC’s holdings in Procter & Gamble were worth $3,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SeaBridge Investment Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $36,000. Smart Portfolios LLC boosted its holdings in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after acquiring an additional 146 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth $62,000. Stevens First Principles Investment Advisors boosted its holdings in Procter & Gamble by 239.8% in the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock worth $63,000 after acquiring an additional 482 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in Procter & Gamble by 301.3% in the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock worth $66,000 after acquiring an additional 452 shares in the last quarter. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Steven D. Bishop sold 30,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.38, for a total transaction of $3,161,400.00. Following the transaction, the insider now directly owns 75,031 shares of the company’s stock, valued at $7,906,766.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 247,335 shares of company stock worth $26,476,375. Corporate insiders own 1.84% of the company’s stock.

Shares of NYSE:PG traded down $0.87 during midday trading on Friday, reaching $115.86. 4,054,816 shares of the company’s stock traded hands, compared to its average volume of 7,047,888. The company has a market capitalization of $302.03 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. Procter & Gamble Co has a one year low of $78.49 and a one year high of $121.76. The stock’s 50 day moving average price is $113.20.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 7.22% and a net margin of 5.76%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Equities research analysts anticipate that Procter & Gamble Co will post 4.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s payout ratio is currently 65.93%.

PG has been the topic of several analyst reports. TheStreet downgraded Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday. Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday. Barclays raised Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $94.00 to $112.00 in a report on Wednesday, April 24th. Morgan Stanley boosted their target price on Procter & Gamble from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, SunTrust Banks boosted their target price on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $108.15.

Procter & Gamble Profile

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.

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

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