Rempart Asset Management Inc. Sells 250 Shares of The Procter & Gamble Company (NYSE:PG)

Rempart Asset Management Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.6% in the second quarter, Holdings Channel.com reports. The fund owned 6,670 shares of the company’s stock after selling 250 shares during the quarter. Rempart Asset Management Inc.’s holdings in Procter & Gamble were worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. raised its position in shares of Procter & Gamble by 14.5% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 818,430 shares of the company’s stock worth $124,188,000 after acquiring an additional 103,839 shares during the last quarter. Norway Savings Bank grew its stake in Procter & Gamble by 1.5% during the second quarter. Norway Savings Bank now owns 20,464 shares of the company’s stock worth $3,105,000 after purchasing an additional 312 shares during the period. Capital Investment Advisors LLC grew its stake in Procter & Gamble by 21.9% during the second quarter. Capital Investment Advisors LLC now owns 270,994 shares of the company’s stock worth $41,121,000 after purchasing an additional 48,604 shares during the period. CRA Financial Services LLC grew its stake in Procter & Gamble by 7.9% during the second quarter. CRA Financial Services LLC now owns 11,105 shares of the company’s stock worth $1,685,000 after purchasing an additional 812 shares during the period. Finally, Brookstone Capital Management grew its stake in Procter & Gamble by 5.3% during the second quarter. Brookstone Capital Management now owns 57,284 shares of the company’s stock worth $8,524,000 after purchasing an additional 2,883 shares during the period. 63.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Andre Schulten sold 806 shares of Procter & Gamble stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now directly owns 28,373 shares in the company, valued at $4,336,813.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Andre Schulten sold 806 shares of Procter & Gamble stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now directly owns 28,373 shares in the company, valued at $4,336,813.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,629 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $157.19, for a total value of $1,985,152.51. Following the completion of the sale, the insider now owns 13,051 shares in the company, valued at $2,051,486.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.4 %

PG stock opened at $154.05 on Tuesday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $153.35 and its 200-day moving average is $150.37. The firm has a market capitalization of $363.14 billion, a PE ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.73%.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Bank of America raised their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus raised their target price on Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Wells Fargo & Company raised their price objective on Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $164.82.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.