Greenwood Gearhart Inc. Sells 162 Shares of The Procter & Gamble Company (NYSE:PG)

Greenwood Gearhart Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,959 shares of the company’s stock after selling 162 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Procter & Gamble were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. grew its position in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the last quarter. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Vima LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $35,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PG shares. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Citigroup increased their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. TD Cowen assumed coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Finally, BNP Paribas began coverage on shares of Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Stock Performance

PG opened at $177.83 on Wednesday. The firm has a fifty day moving average price of $168.80 and a 200 day moving average price of $164.95. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The stock has a market cap of $419.70 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same period in the prior year, the company posted $1.37 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

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.