Embree Financial Group Has $1.99 Million Position in The Procter & Gamble Company (NYSE:PG)

Embree Financial Group decreased its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 2.3% during the 1st quarter, Holdings Channel reports. The firm owned 12,257 shares of the company’s stock after selling 284 shares during the period. Embree Financial Group’s holdings in Procter & Gamble were worth $1,989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advantage Trust Co bought a new stake in Procter & Gamble in the 4th quarter valued at $28,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at $29,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at $33,000. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Argus raised their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Read Our Latest Report on PG

Procter & Gamble Stock Up 0.6 %

Shares of Procter & Gamble stock traded up $1.07 on Wednesday, hitting $166.73. The company had a trading volume of 5,036,807 shares, compared to its average volume of 6,528,171. The stock has a market capitalization of $393.51 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The stock has a 50 day moving average of $166.04 and a 200-day moving average of $159.90.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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