Global Financial Private Capital LLC Reduces Position in Procter & Gamble Co (PG)

Global Financial Private Capital LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,215 shares of the company’s stock after selling 18,876 shares during the period. Global Financial Private Capital LLC’s holdings in Procter & Gamble were worth $15,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Twin Tree Management LP bought a new position in shares of Procter & Gamble during the 1st quarter valued at approximately $144,000. Marshall & Sullivan Inc. WA bought a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $149,000. Clearwater Capital Advisors LLC bought a new position in shares of Procter & Gamble during the 1st quarter valued at approximately $154,000. Corbyn Investment Management Inc. MD bought a new position in shares of Procter & Gamble during the 1st quarter valued at approximately $157,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Procter & Gamble by 296.5% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after acquiring an additional 1,524 shares during the last quarter. Institutional investors own 58.57% of the company’s stock.

PG traded down $0.69 on Thursday, hitting $91.41. The company had a trading volume of 8,911,258 shares, compared to its average volume of 12,447,637. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The firm has a market capitalization of $232.18 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

In related news, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the sale, the chief executive officer now owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 700 shares of Procter & Gamble stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $93.30, for a total value of $65,310.00. The disclosure for this sale can be found here. In the last three months, insiders sold 509,031 shares of company stock valued at $46,738,909. Corporate insiders own 1.84% of the company’s stock.

A number of brokerages recently issued reports on PG. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group restated a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a research report on Friday, November 9th. Deutsche Bank increased their target price on Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Wells Fargo & Co reiterated a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 target price on shares of Procter & Gamble in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.38.

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About Procter & Gamble

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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