Parr Mcknight Wealth Management Group LLC Sells 1,780 Shares of Procter & Gamble Company (The) (NYSE:PG)

Parr Mcknight Wealth Management Group LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,475 shares of the company's stock after selling 1,780 shares during the quarter. Procter & Gamble makes up about 1.1% of Parr Mcknight Wealth Management Group LLC's portfolio, making the stock its 16th largest position. Parr Mcknight Wealth Management Group LLC's holdings in Procter & Gamble were worth $7,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Navigoe LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $34,000. Finally, 10Elms LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.3%

Shares of PG opened at $157.36 on Thursday. The firm has a market cap of $368.94 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 4.49 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $155.95 and a fifty-two week high of $180.43. The firm has a 50 day moving average price of $161.87 and a 200-day moving average price of $165.09.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. 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 2.69%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $178.45.

Insiders Place Their Bets

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

Procter & Gamble Company Profile

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.

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