Garde Capital Inc. Sells 250 Shares of Procter & Gamble Co (NYSE:PG)

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Garde Capital Inc. decreased its holdings in Procter & Gamble Co (NYSE:PG) by 5.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,594 shares of the company’s stock after selling 250 shares during the quarter. Garde Capital Inc.’s holdings in Procter & Gamble were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Magellan Asset Management Ltd acquired a new position in Procter & Gamble during the 1st quarter valued at about $29,000. Costello Asset Management INC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $35,000. FAI Wealth Management raised its holdings in Procter & Gamble by 203.0% during the 2nd quarter. FAI Wealth Management now owns 303 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Estate Counselors LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at $47,000. Finally, Barnett & Company Inc. raised its holdings in Procter & Gamble by 23.4% during the 2nd quarter. Barnett & Company Inc. now owns 453 shares of the company’s stock valued at $54,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 62.81% of the company’s stock.

In other news, insider Mary Theresa Grabowski sold 21,431 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $2,786,030.00. Following the completion of the sale, the insider now directly owns 55,013 shares in the company, valued at $7,151,690. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 272,757 shares of company stock valued at $36,738,374. Company insiders own 0.70% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Deutsche Bank boosted their target price on shares of Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a report on Monday, July 27th. Morgan Stanley reissued a “buy” rating and set a $144.00 target price on shares of Procter & Gamble in a report on Tuesday, August 18th. Barclays reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Sunday, August 2nd. Finally, SunTrust Banks upped their price target on shares of Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $133.67.

NYSE:PG remained flat at $$138.63 during midday trading on Tuesday. 4,045,813 shares of the company traded hands, compared to its average volume of 8,709,535. Procter & Gamble Co has a one year low of $94.34 and a one year high of $141.70. The stock has a 50-day simple moving average of $135.14 and a two-hundred day simple moving average of $121.49. The firm has a market cap of $345.14 billion, a P/E ratio of 27.99, a PEG ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company had revenue of $17.70 billion during the quarter, compared to analyst estimates of $16.97 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Procter & Gamble Co will post 5.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $0.7907 per share. The ex-dividend date was Thursday, July 23rd. This represents a $3.16 annualized dividend and a yield of 2.28%. Procter & Gamble’s payout ratio is 61.72%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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