Burney Co. Sells 2,271 Shares of Procter & Gamble Company (The) (NYSE:PG)

Burney Co. cut its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,306 shares of the company's stock after selling 2,271 shares during the quarter. Burney Co.'s holdings in Procter & Gamble were worth $13,004,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $5,244,463,000. Northern Trust Corp increased its position in shares of Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Procter & Gamble by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after acquiring an additional 2,224,912 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Barclays lifted their price target on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group dropped their price target on Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $176.12.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $0.53 during trading on Friday, reaching $158.28. The company had a trading volume of 5,799,657 shares, compared to its average volume of 8,221,526. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. The firm's 50-day simple moving average is $161.12 and its 200 day simple moving average is $164.24. The firm has a market capitalization of $371.10 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 EPS. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. Procter & Gamble's payout ratio is presently 67.14%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.