FFT Wealth Management LLC Sells 141 Shares of The Procter & Gamble Company (NYSE:PG)

FFT Wealth Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,961 shares of the company’s stock after selling 141 shares during the period. FFT Wealth Management LLC’s holdings in Procter & Gamble were worth $323,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in shares of Procter & Gamble by 1,214.1% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 257,531 shares of the company’s stock valued at $37,739,000 after purchasing an additional 237,934 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of Procter & Gamble by 7.7% during the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares in the last quarter. AJOVista LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $57,000. W.H. Cornerstone Investments Inc. increased its stake in shares of Procter & Gamble by 14.4% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 8,511 shares of the company’s stock valued at $1,247,000 after purchasing an additional 1,074 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its stake in shares of Procter & Gamble by 16.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 15,164 shares of the company’s stock valued at $2,222,000 after purchasing an additional 2,157 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.9 %

PG opened at $171.54 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $171.89. The company has a market capitalization of $404.86 billion, a PE ratio of 28.03, a PEG ratio of 3.72 and a beta of 0.41. The firm’s 50 day simple moving average is $167.48 and its two-hundred day simple moving average is $164.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble’s payout ratio is 65.69%.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock worth $63,829,141 in the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.