St. Louis Financial Planners Asset Management LLC Sells 113 Shares of The Procter & Gamble Company (NYSE:PG)

St. Louis Financial Planners Asset Management LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 10,888 shares of the company’s stock after selling 113 shares during the quarter. Procter & Gamble comprises approximately 1.7% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 24th largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Procter & Gamble were worth $1,652,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Procter & Gamble by 1.4% during the 1st quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock valued at $24,064,473,000 after acquiring an additional 2,157,319 shares during the period. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after acquiring an additional 510,559 shares during the period. Morgan Stanley grew its position in shares of Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after acquiring an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Procter & Gamble by 1.6% during the 1st quarter. Wellington Management Group LLP now owns 33,776,598 shares of the company’s stock valued at $5,022,242,000 after acquiring an additional 547,738 shares during the period. Institutional investors own 63.43% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated 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 directly owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 33,022 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 781 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total transaction of $119,352.42. Following the completion of the transaction, the chief executive officer now owns 6,310 shares in the company, valued at $964,294.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,607 shares of company stock worth $16,523,793. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. JPMorgan Chase & Co. lifted their target price on shares of Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $165.00 to $167.00 and gave the company a “sector perform” rating in a research note on Monday, July 31st. Morgan Stanley restated an “overweight” rating and set a $174.00 target price on shares of Procter & Gamble in a research note on Tuesday, August 1st. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Finally, William Blair assumed coverage on shares of Procter & Gamble in a research note on Friday, September 8th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.82.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $153.46 on Friday. The company’s 50-day moving average price is $153.26 and its 200-day moving average price is $150.09. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month 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. The company has a market cap of $361.75 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 3.85 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $20.60 billion for the quarter, compared to the consensus estimate of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.38 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.9407 per share. The ex-dividend date was Thursday, July 20th. This represents a $3.76 annualized dividend and a yield of 2.45%. Procter & Gamble’s payout ratio is 63.73%.

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.