Sunbelt Securities Inc. Sells 1,330 Shares of The Procter & Gamble Company (NYSE:PG)

Sunbelt Securities Inc. cut its stake in The Procter & Gamble Company (NYSE:PG) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,164 shares of the company’s stock after selling 1,330 shares during the quarter. Procter & Gamble comprises about 0.8% of Sunbelt Securities Inc.’s holdings, making the stock its 21st biggest holding. Sunbelt Securities Inc.’s holdings in Procter & Gamble were worth $8,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of PG. Alera Investment Advisors LLC grew its holdings in Procter & Gamble by 1.2% during the first quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock worth $812,000 after acquiring an additional 60 shares during the period. Hudson Value Partners LLC increased its holdings in shares of Procter & Gamble by 4.1% during the 2nd quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock valued at $250,000 after purchasing an additional 60 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of Procter & Gamble by 2.8% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock valued at $371,000 after purchasing an additional 61 shares during the period. LCM Capital Management Inc boosted its holdings in Procter & Gamble by 1.1% during the first quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock worth $925,000 after buying an additional 63 shares in the last quarter. Finally, Home Federal Bank of Tennessee grew its position in Procter & Gamble by 0.3% during the second quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company’s stock valued at $3,846,000 after buying an additional 63 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Over the last three months, insiders sold 375,553 shares of company stock worth $63,829,141. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PG shares. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. BNP Paribas started coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Stock Up 0.2 %

Shares of NYSE:PG opened at $173.55 on Monday. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $170.79 and a two-hundred day moving average of $166.20. The stock has a market cap of $409.60 billion, a P/E ratio of 28.36, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

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