ProShare Advisors LLC Has $252.88 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

ProShare Advisors LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 6.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,654,969 shares of the company’s stock after selling 111,566 shares during the period. ProShare Advisors LLC’s holdings in Procter & Gamble were worth $252,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $1,527,000. Lansing Street Advisors bought a new stake in Procter & Gamble during the 1st quarter worth about $37,000. Western Pacific Wealth Management LP acquired a new stake in Procter & Gamble in the 4th quarter valued at about $40,000. Dravo Bay LLC bought a new position in shares of Procter & Gamble in the first quarter worth about $40,000. Finally, Retirement Group LLC lifted its position in shares of Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. 63.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, insider Mary Theresa Grabowski sold 16,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the sale, the insider now directly owns 4,326 shares in the company, valued at $635,922. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Mary Theresa Grabowski sold 16,000 shares of Procter & Gamble stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $147.00, for a total value of $2,352,000.00. Following the sale, the insider now owns 4,326 shares of the company’s stock, valued at $635,922. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The disclosure for this sale can be found here. Insiders sold 216,907 shares of company stock valued at $31,820,393 over the last three months. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PG. Barclays lowered their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. UBS Group cut their price target on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Jefferies Financial Group lifted their price objective on Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Trading Down 0.4 %

Shares of Procter & Gamble stock traded down $0.57 during trading hours on Wednesday, hitting $149.36. The company’s stock had a trading volume of 91,585 shares, compared to its average volume of 6,891,951. The company has a market capitalization of $356.90 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.35. 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 stock has a 50 day moving average of $142.88 and a 200 day moving average of $150.31. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. Analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were paid a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is 62.82%.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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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