Sicart Associates LLC Sells 2,715 Shares of Procter & Gamble Co (NYSE:PG)

Sicart Associates LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,354 shares of the company’s stock after selling 2,715 shares during the period. Procter & Gamble comprises approximately 2.8% of Sicart Associates LLC’s holdings, making the stock its 12th largest holding. Sicart Associates LLC’s holdings in Procter & Gamble were worth $6,837,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Arden Trust Co acquired a new position in Procter & Gamble in the 2nd quarter valued at about $4,129,000. Nippon Life Global Investors Americas Inc. lifted its holdings in shares of Procter & Gamble by 7.7% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 143,650 shares of the company’s stock worth $15,752,000 after acquiring an additional 10,210 shares during the period. Stony Point Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 0.7% during the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after acquiring an additional 91 shares during the period. YCG LLC lifted its holdings in shares of Procter & Gamble by 3.6% during the 2nd quarter. YCG LLC now owns 134,448 shares of the company’s stock worth $14,776,000 after acquiring an additional 4,616 shares during the period. Finally, Parsec Financial Management Inc. lifted its holdings in shares of Procter & Gamble by 3.3% during the 2nd quarter. Parsec Financial Management Inc. now owns 47,020 shares of the company’s stock worth $5,156,000 after acquiring an additional 1,481 shares during the period. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble news, insider Ma. Fatima Francisco sold 14,184 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.50, for a total value of $1,496,412.00. Following the completion of the transaction, the insider now directly owns 19,621 shares in the company, valued at approximately $2,070,015.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,335 shares of company stock valued at $23,314,975. Corporate insiders own 1.84% of the company’s stock.

NYSE:PG traded up $1.20 on Tuesday, hitting $114.28. The company had a trading volume of 1,963,634 shares, compared to its average volume of 8,112,809. The stock has a market cap of $292.07 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 3.37 and a beta of 0.45. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average price is $113.58. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $121.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. The business had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.

PG has been the subject of a number of recent analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. UBS Group set a $122.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Finally, Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $108.15.

Procter & Gamble Company 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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