Smith & Howard Wealth Management LLC Reduces Position in Procter & Gamble Co (NYSE:PG)

Smith & Howard Wealth Management LLC cut its position in Procter & Gamble Co (NYSE:PG) by 9.5% during the second quarter, HoldingsChannel reports. The firm owned 2,290 shares of the company’s stock after selling 239 shares during the quarter. Smith & Howard Wealth Management LLC’s holdings in Procter & Gamble were worth $251,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $36,000. Smart Portfolios LLC boosted its holdings in shares of Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after buying an additional 146 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $62,000. Stevens First Principles Investment Advisors boosted its holdings in shares of Procter & Gamble by 239.8% in the 4th quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after buying an additional 482 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in shares of Procter & Gamble by 301.3% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after buying an additional 452 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors.

In other news, insider Carolyn M. Tastad sold 25,645 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total value of $2,720,421.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 247,335 shares of company stock valued at $26,476,375. 1.84% of the stock is owned by company insiders.

Several brokerages have recently issued reports on PG. Credit Suisse Group upped their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday. Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada restated a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a report on Tuesday. Finally, Morgan Stanley upped their target price on shares of Procter & Gamble from $120.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $108.15.

NYSE:PG traded down $0.29 during trading hours on Friday, reaching $116.44. 12,265,590 shares of the company’s stock were exchanged, compared to its average volume of 7,368,813. The firm has a market cap of $296.08 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.45. The firm’s 50-day moving average is $113.31. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 0.43. Procter & Gamble Co has a 1-year low of $78.49 and a 1-year high of $121.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. Procter & Gamble’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Equities research analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s dividend payout ratio is currently 65.93%.

Procter & Gamble Company 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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