Procter & Gamble Company (The) (NYSE:PG) Stock Holdings Decreased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,346 shares of the company's stock after selling 1,987 shares during the quarter. Quotient Wealth Partners LLC's holdings in Procter & Gamble were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Navigoe LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $31,000. Hoey Investments Inc. increased its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new stake in Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Raymond James Financial cut their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Price Performance

NYSE:PG traded down $0.53 during midday trading on Wednesday, hitting $157.36. The company had a trading volume of 18,769,238 shares, compared to its average volume of 7,578,583. The stock's fifty day moving average price is $161.98 and its 200-day moving average price is $165.15. Procter & Gamble Company has a 52-week low of $155.98 and a 52-week high of $180.43. The company has a market capitalization of $368.94 billion, a PE ratio of 24.98, a P/E/G ratio of 4.49 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $20.42 billion. During the same period in the previous year, the company posted $1.52 EPS. The business's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 67.14%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 sale, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.