Dumont & Blake Investment Advisors LLC Sells 423 Shares of The Procter & Gamble Company (NYSE:PG)

Dumont & Blake Investment Advisors LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,810 shares of the company’s stock after selling 423 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PG. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter worth $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $33,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following 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 document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following 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 document filed with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of 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 90 days. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays boosted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, BNP Paribas initiated coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Price Performance

NYSE:PG opened at $164.92 on Monday. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The stock’s 50 day moving average price is $165.60 and its two-hundred day moving average price is $158.89. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.35 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS 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 company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share 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 given a dividend of $1.0065 per share. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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.