GraniteShares Advisors LLC Sells 262 Shares of The Procter & Gamble Company (NYSE:PG)

GraniteShares Advisors LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 3.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,744 shares of the company’s stock after selling 262 shares during the quarter. GraniteShares Advisors LLC’s holdings in Procter & Gamble were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tevis Investment Management lifted its stake in shares of Procter & Gamble by 0.5% in the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after purchasing an additional 64 shares during the period. WealthTrust Asset Management LLC raised its stake in Procter & Gamble by 3.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock worth $296,000 after buying an additional 65 shares during the period. Exeter Financial LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock worth $2,286,000 after buying an additional 66 shares during the period. Diligent Investors LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock worth $2,391,000 after buying an additional 66 shares during the period. Finally, Western Pacific Wealth Management LP raised its stake in Procter & Gamble by 5.3% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,322 shares of the company’s stock worth $197,000 after buying an additional 66 shares during the period. Institutional investors own 63.43% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 884 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $154.49, for a total value of $136,569.16. Following the transaction, the insider now owns 8,073 shares of the company’s stock, valued at $1,247,197.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Shailesh Jejurikar sold 11,522 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total transaction of $1,775,885.86. Following the transaction, the chief operating officer now directly owns 10,135 shares of the company’s stock, valued at $1,562,107.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 884 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $154.49, for a total value of $136,569.16. Following the transaction, the insider now directly owns 8,073 shares in the company, valued at $1,247,197.77. The disclosure for this sale can be found here. Insiders have sold a total of 105,715 shares of company stock valued at $16,025,205 over the last 90 days. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Sanford C. Bernstein dropped their price target on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research note on Thursday, October 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus decreased their price objective on Procter & Gamble from $161.00 to $151.00 and set a “hold” rating for the company in a report on Monday, October 16th. DZ Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a report on Friday, October 20th. Finally, William Blair assumed coverage on Procter & Gamble in a report on Friday, September 8th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.95.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $152.15 on Wednesday. The company has a market cap of $358.60 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.16 and a beta of 0.47. The business’s 50 day simple moving average is $149.35 and its 200 day simple moving average is $150.75. The Procter & Gamble Company has a 12 month low of $135.83 and a 12 month high of $158.38. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.12. The firm had revenue of $21.87 billion for the quarter, compared to the consensus estimate of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. Sell-side analysts forecast that The Procter & Gamble Company will post 6.42 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be paid a $0.9407 dividend. The ex-dividend date is Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is presently 61.04%.

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.