WCG Wealth Advisors LLC Sells 8,700 Shares of Procter & Gamble Company (The) $PG

Key Points

• WCG Wealth Advisors reduced its stake in Procter & Gamble (PG) by 28.4% in Q3, selling 8,700 shares and leaving it with 21,973 shares worth about $3.38 million.
• Significant insider selling: CEO Gary A. Coombe sold 36,093 shares (about $5.86 million) and insiders have sold 348,618 shares worth roughly $55.46 million in the last 90 days, leaving insiders with 0.20% ownership.
• Analyst sentiment is mixed but positive overall with a consensus rating of “Moderate Buy” and a consensus price target of $168.33 (14 Buys vs. 7 Holds reported).

WCG Wealth Advisors LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,973 shares of the company's stock after selling 8,700 shares during the period. WCG Wealth Advisors LLC's holdings in Procter & Gamble were worth $3,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after purchasing an additional 1,016 shares in the last quarter. Auxano Advisors LLC boosted its stake in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after buying an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock valued at $4,809,000 after buying an additional 809 shares during the period. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a "buy" rating on the stock in a research report on Monday, December 8th. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded Procter & Gamble from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating in a research note on Wednesday, February 18th. Finally, TD Cowen lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating and boosted their price target for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.33.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares of the company's stock, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the transaction, the insider owned 44,735 shares of the company's stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

PG stock opened at $150.57 on Friday. The company has a 50 day moving average price of $153.32 and a 200 day moving average price of $151.03. The stock has a market capitalization of $349.91 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 23rd. Procter & Gamble's dividend payout ratio is currently 62.52%.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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