Ascension Asset Management LLC Sells 265 Shares of The Procter & Gamble Company (NYSE:PG)

Ascension Asset Management LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 14,933 shares of the company’s stock after selling 265 shares during the quarter. Procter & Gamble makes up 1.3% of Ascension Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Ascension Asset Management LLC’s holdings in Procter & Gamble were worth $2,463,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the fourth quarter worth $31,000. Ruedi Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the last quarter. Finally, POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $34,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays reduced their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Evercore ISI raised their price target on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $175.89.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $173.55 on Friday. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $409.60 billion, a PE ratio of 28.36, a P/E/G ratio of 3.76 and a beta of 0.41. The business’s 50-day moving average price is $170.79 and its two-hundred day moving average price is $166.17.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Procter & Gamble Profile

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.