Pacer Advisors Inc. Has $21.97 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Pacer Advisors Inc. reduced its stake in Procter & Gamble by 36.7%, holding 128,923 shares worth approximately $21.97 million after selling 74,605 shares in the first quarter.
• CEO Jennifer L. Davis sold 1,000 shares of the company's stock on April 29, decreasing her ownership by 1.89%, while insider Moses Victor Javier Aguilar sold 10,520 shares on May 5, representing a 29.47% reduction in his position.
• Procter & Gamble reported a net revenue of $19.78 billion for the quarter, which was below analyst estimates of $20.42 billion, with an earnings per share (EPS) of $1.54, beating the consensus estimate by $0.01.

Pacer Advisors Inc. reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,923 shares of the company's stock after selling 74,605 shares during the quarter. Pacer Advisors Inc.'s holdings in Procter & Gamble were worth $21,971,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Unique Wealth LLC raised its stake in 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 acquiring an additional 61 shares during the last quarter. Stableford Capital II LLC increased its position in Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. increased its position in Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its position in Procter & Gamble by 2.3% during 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 purchasing an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC increased its position in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Evercore ISI reiterated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Bank of America dropped their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Barclays upped their price target on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.71.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG traded down $1.92 during mid-day trading on Wednesday, reaching $154.69. 1,782,288 shares of the company's stock traded hands, compared to its average volume of 8,195,523. The business's 50-day moving average price is $160.68 and its 200-day moving average price is $164.19. The stock has a market capitalization of $362.67 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 4.48 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 12 month low of $151.90 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted 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 firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given 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 2.73%. Procter & Gamble's payout ratio is presently 66.98%.

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.