The Procter & Gamble Company (NYSE:PG) Stake Lessened by Vivid Wealth Management LLC

Vivid Wealth Management LLC trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 75.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,050 shares of the company’s stock after selling 6,230 shares during the quarter. Vivid Wealth Management LLC’s holdings in Procter & Gamble were worth $338,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Shelter Ins Retirement Plan bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $9,845,000. Tanager Wealth Management LLP increased its stake in Procter & Gamble by 19.6% during the second quarter. Tanager Wealth Management LLP now owns 6,488 shares of the company’s stock valued at $1,070,000 after purchasing an additional 1,062 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in shares of Procter & Gamble by 1.3% during the second quarter. Institute for Wealth Management LLC. now owns 7,316 shares of the company’s stock worth $1,207,000 after purchasing an additional 95 shares during the period. Baillie Gifford & Co. lifted its position in shares of Procter & Gamble by 3.8% in the 2nd quarter. Baillie Gifford & Co. now owns 898,218 shares of the company’s stock worth $148,134,000 after buying an additional 32,799 shares during the last quarter. Finally, RPS Advisory Solutions LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $715,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG traded down $0.98 during midday trading on Friday, reaching $169.17. The stock had a trading volume of 4,771,267 shares, compared to its average volume of 6,597,829. The firm’s 50 day moving average price is $167.29 and its 200-day moving average price is $163.65. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89. The company has a market capitalization of $399.26 billion, a P/E ratio of 27.64, a P/E/G ratio of 3.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PG shares. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. TD Cowen began coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Barclays lowered their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Citigroup increased their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.95.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the business’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 directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,259 shares of company stock valued at $37,948,393. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble 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.