Ramsay Stattman Vela & Price Inc. Sells 1,264 Shares of The Procter & Gamble Company (NYSE:PG)

Ramsay Stattman Vela & Price Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,705 shares of the company’s stock after selling 1,264 shares during the quarter. Procter & Gamble comprises about 2.1% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 18th largest position. Ramsay Stattman Vela & Price Inc.’s holdings in Procter & Gamble were worth $11,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dodds Wealth LLC grew its position in Procter & Gamble by 9.2% during the third quarter. Dodds Wealth LLC now owns 1,431 shares of the company’s stock worth $242,000 after buying an additional 120 shares in the last quarter. PBMares Wealth Management LLC grew its position in Procter & Gamble by 4.7% during the third quarter. PBMares Wealth Management LLC now owns 6,352 shares of the company’s stock worth $1,100,000 after buying an additional 288 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Procter & Gamble by 0.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 147,086 shares of the company’s stock worth $25,475,000 after buying an additional 1,090 shares in the last quarter. Legacy Wealth Management Inc purchased a new position in Procter & Gamble during the third quarter worth about $214,000. Finally, Fortitude Family Office LLC grew its position in Procter & Gamble by 737.8% during the third quarter. Fortitude Family Office LLC now owns 5,437 shares of the company’s stock worth $942,000 after buying an additional 4,788 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 0.8 %

PG traded down $1.43 during trading on Tuesday, hitting $167.87. 1,558,716 shares of the company’s stock traded hands, compared to its average volume of 6,640,564. The company’s 50 day simple moving average is $171.94 and its two-hundred day simple moving average is $167.79. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The stock has a market capitalization of $395.34 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.64 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PG shares. TD Cowen started coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a report on Monday, September 30th. Citigroup upped their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 397,986 shares of company stock worth $67,642,430 in the last ninety days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.