The Procter & Gamble Company (NYSE:PG) Shares Sold by Cedar Brook Financial Partners LLC

Cedar Brook Financial Partners LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,163 shares of the company’s stock after selling 167 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Procter & Gamble were worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silicon Valley Capital Partners acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. GW&K Investment Management LLC purchased a new stake in shares of Procter & Gamble during the first quarter valued at approximately $28,000. IAG Wealth Partners LLC raised 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 during the period. Kepos Capital LP purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $38,000. Finally, Ten Capital Wealth Advisors LLC raised 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 during the period. 63.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research note on Tuesday, August 1st. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. William Blair assumed coverage on shares of Procter & Gamble in a research note on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.82.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 806 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now owns 28,373 shares in the company, valued at approximately $4,336,813.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, CFO Andre Schulten sold 806 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now owns 28,373 shares in the company, valued at approximately $4,336,813.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,629 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $157.19, for a total value of $1,985,152.51. Following the sale, the insider now owns 13,051 shares in the company, valued at approximately $2,051,486.69. The disclosure for this sale can be found here. In the last three months, insiders sold 106,607 shares of company stock valued at $16,523,793. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Performance

PG stock opened at $154.79 on Friday. The company has a market capitalization of $364.89 billion, a P/E ratio of 26.24, a PEG ratio of 3.81 and a beta of 0.42. The company has a 50-day simple moving average of $153.20 and a 200 day simple moving average of $150.06. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.38. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business had revenue of $20.60 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.