GSB Wealth Management LLC Lowers Position in The Procter & Gamble Company (NYSE:PG)

GSB Wealth Management LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,824 shares of the company’s stock after selling 185 shares during the quarter. Procter & Gamble comprises 0.9% of GSB Wealth Management LLC’s holdings, making the stock its 29th largest holding. GSB Wealth Management LLC’s holdings in Procter & Gamble were worth $2,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Silicon Valley Capital Partners bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $28,000. GW&K Investment Management LLC bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $28,000. IAG Wealth Partners LLC increased its stake in shares of Procter & Gamble by 58.8% during the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. Kepos Capital LP bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $38,000. Finally, Ten Capital Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 325.8% during the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after purchasing an additional 202 shares in the last quarter. 63.43% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.1 %

Shares of Procter & Gamble stock opened at $154.62 on Tuesday. The company’s fifty day simple moving average is $153.20 and its 200-day simple moving average is $149.95. The stock has a market capitalization of $364.49 billion, a PE ratio of 26.23, a P/E/G ratio of 3.82 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $158.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The business had revenue of $20.60 billion for the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.39 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s dividend payout ratio is presently 63.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Morgan Stanley reissued an “overweight” rating and set a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Finally, William Blair started coverage on shares of Procter & Gamble in a research report on Friday. They set a “market perform” rating for the company. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.82.

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total transaction of $119,352.42. Following the transaction, the chief executive officer now owns 6,310 shares in the company, valued at approximately $964,294.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now owns 888 shares in the company, valued at approximately $138,758.88. The disclosure for this sale can be found here. Insiders have sold 106,607 shares of company stock worth $16,523,793 in the last 90 days. 0.17% of the stock is currently owned by 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.