Aspiriant LLC Sells 210 Shares of The Procter & Gamble Company (NYSE:PG)

Aspiriant LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,439 shares of the company’s stock after selling 210 shares during the quarter. Aspiriant LLC’s holdings in Procter & Gamble were worth $4,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. Advantage Trust Co purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $28,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $31,000. Finally, Criterion Capital Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $33,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 over the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.5 %

Shares of NYSE:PG opened at $166.62 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The business has a 50 day moving average of $165.28 and a two-hundred day moving average of $158.54. The company has a market capitalization of $393.25 billion, a PE ratio of 27.23, a PEG ratio of 3.40 and a beta of 0.42.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

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.