Winslow Evans & Crocker Inc. Sells 1,606 Shares of Procter & Gamble Co (NYSE:PG)

Winslow Evans & Crocker Inc. reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 11.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,936 shares of the company’s stock after selling 1,606 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Procter & Gamble were worth $1,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. SeaBridge Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $36,000. Smart Portfolios LLC boosted its stake in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $62,000. Stevens First Principles Investment Advisors boosted its stake in Procter & Gamble by 239.8% in the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after acquiring an additional 482 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its stake in Procter & Gamble by 301.3% in the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after acquiring an additional 452 shares during the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the stock. SunTrust Banks raised their price objective on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Procter & Gamble from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. Stifel Nicolaus set a $117.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank raised their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $108.15.

In other news, Director Trian Fund Management, L.P. sold 71,500 shares of Procter & Gamble stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $104.62, for a total transaction of $7,480,330.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven D. Bishop sold 30,000 shares of Procter & Gamble 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 in the company, valued at $7,906,766.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 247,335 shares of company stock worth $26,476,375. 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 stock were exchanged, compared to its average volume of 7,047,888. The business’s 50-day moving average is $113.20. The stock 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. Procter & Gamble Co has a 12 month low of $78.49 and a 12 month high of $121.76. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 0.43.

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

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

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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