The Procter & Gamble Company (NYSE:PG) Shares Sold by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 20.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 966 shares of the company’s stock after selling 247 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Procter & Gamble were worth $157,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Alera Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 1.2% in the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock worth $812,000 after purchasing an additional 60 shares during the period. Hudson Value Partners LLC raised its holdings in Procter & Gamble by 4.1% in the second quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock valued at $250,000 after buying an additional 60 shares during the period. Fiduciary Alliance LLC grew its stake in Procter & Gamble by 2.8% during the second quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock worth $371,000 after buying an additional 61 shares during the period. LCM Capital Management Inc increased its position in shares of Procter & Gamble by 1.1% in the first quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock worth $925,000 after acquiring an additional 63 shares in the last quarter. Finally, Home Federal Bank of Tennessee raised its stake in shares of Procter & Gamble by 0.3% in the 2nd quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company’s stock valued at $3,846,000 after acquiring an additional 63 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. TD Cowen initiated coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Seven 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 company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble Trading Up 1.0 %

NYSE PG opened at $177.83 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94. The company has a 50-day simple moving average of $168.80 and a 200-day simple moving average of $164.95. The firm has a market capitalization of $419.70 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Procter & Gamble 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.