Cambridge Investment Research Advisors Inc. Sells 8,252 Shares of The Procter & Gamble Company (NYSE:PG)

Cambridge Investment Research Advisors Inc. reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 618,995 shares of the company’s stock after selling 8,252 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Procter & Gamble were worth $102,085,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PG. Norges Bank bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $3,956,117,000. TD Asset Management Inc raised its stake in shares of Procter & Gamble by 114.9% during the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after buying an additional 1,907,716 shares during the last quarter. Swedbank AB bought a new stake in shares of Procter & Gamble during the first quarter worth approximately $233,788,000. Ilex Capital Partners UK LLP bought a new stake in shares of Procter & Gamble during the first quarter worth approximately $228,212,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Procter & Gamble by 32.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,615,906 shares of the company’s stock worth $830,256,000 after buying an additional 1,385,146 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the business’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 transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’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 completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 338,313 shares of company stock valued at $57,539,677 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on PG. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup boosted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI boosted their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Stock Performance

Shares of PG stock traded down $1.10 on Tuesday, hitting $169.25. The company’s stock had a trading volume of 4,327,867 shares, compared to its average volume of 6,576,581. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock’s 50 day moving average is $167.35 and its 200-day moving average is $163.77. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $171.89. The company has a market capitalization of $399.45 billion, a PE ratio of 27.77, a PEG ratio of 3.64 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the business earned $1.37 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

About Procter & Gamble

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.