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Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Financial Engines Advisors L.L.C.

Procter & Gamble logo with Consumer Staples background

Key Points

  • Financial Engines Advisors L.L.C. reduced its stake in Procter & Gamble by 21.5%, selling 3,129 shares, and now holds 11,416 shares worth approximately $1.95 million.
  • Research firms have set varying price targets on Procter & Gamble, with an average target of $175.88, but analysts remain divided, offering 10 buy ratings and 7 hold ratings.
  • Procter & Gamble announced a quarterly dividend of $1.0568 per share, translating to an annualized yield of 2.7%, with a payout ratio of 64.98%.
  • Need better tools to track Procter & Gamble? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Financial Engines Advisors L.L.C. cut its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,416 shares of the company's stock after selling 3,129 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Procter & Gamble were worth $1,946,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Unique Wealth LLC grew its holdings in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares during the last quarter. Stableford Capital II LLC grew its holdings in Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after acquiring an additional 61 shares during the last quarter. Bernard Wealth Management Corp. grew its holdings in Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after acquiring an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management grew its holdings in Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its stake in shares of Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Raymond James Financial dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.94.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

NYSE:PG traded up $0.56 during midday trading on Friday, reaching $154.30. The stock had a trading volume of 7,101,192 shares, compared to its average volume of 8,155,980. The firm has a fifty day simple moving average of $157.38 and a two-hundred day simple moving average of $163.37. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market cap of $361.43 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.10 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Procter & Gamble Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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