The Procter & Gamble Company (NYSE:PG) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the second quarter, Holdings Channel.com reports. The fund owned 116,591 shares of the company’s stock after selling 533 shares during the quarter. Procter & Gamble makes up approximately 0.5% of Mill Creek Capital Advisors LLC’s portfolio, making the stock its 24th biggest holding. Mill Creek Capital Advisors LLC’s holdings in Procter & Gamble were worth $19,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Tremblant Capital Group grew its stake in shares of Procter & Gamble by 68.9% in the 2nd quarter. Tremblant Capital Group now owns 17,316 shares of the company’s stock valued at $2,856,000 after buying an additional 7,064 shares during the period. Xponance Inc. lifted its holdings in Procter & Gamble by 1.0% in the second quarter. Xponance Inc. now owns 372,529 shares of the company’s stock valued at $61,438,000 after acquiring an additional 3,582 shares during the last quarter. Bank of Montreal Can grew its position in Procter & Gamble by 9.9% in the second quarter. Bank of Montreal Can now owns 4,424,462 shares of the company’s stock worth $739,770,000 after acquiring an additional 398,585 shares during the period. Evergreen Capital Management LLC increased its stake in Procter & Gamble by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 32,481 shares of the company’s stock worth $5,357,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Procter & Gamble in the second quarter valued at $1,428,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.3 %

NYSE:PG opened at $173.77 on Tuesday. 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 Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.94. The stock’s 50 day moving average price is $170.40 and its 200 day moving average price is $165.88. The company has a market capitalization of $410.12 billion, a PE ratio of 28.39, a P/E/G ratio of 3.84 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. On average, research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insiders Place Their Bets

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. 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. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Barclays lowered their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their price target on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.00.

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.