McAlister Sweet & Associates Inc. Sells 100 Shares of The Procter & Gamble Company (NYSE:PG)

McAlister Sweet & Associates Inc. lowered its position in The Procter & Gamble Company (NYSE:PG) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,245 shares of the company’s stock after selling 100 shares during the quarter. Procter & Gamble comprises about 0.2% of McAlister Sweet & Associates Inc.’s portfolio, making the stock its 29th largest position. McAlister Sweet & Associates Inc.’s holdings in Procter & Gamble were worth $216,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Alera Investment Advisors LLC lifted its holdings in Procter & Gamble by 1.2% in the first quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock valued at $812,000 after acquiring an additional 60 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in Procter & Gamble by 4.1% in the second quarter. Hudson Value Partners LLC now owns 1,516 shares of the company’s stock valued at $250,000 after acquiring an additional 60 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Procter & Gamble by 2.8% in the second quarter. Fiduciary Alliance LLC now owns 2,261 shares of the company’s stock valued at $371,000 after acquiring an additional 61 shares during the last quarter. LCM Capital Management Inc lifted its stake 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 purchasing an additional 63 shares in the last quarter. Finally, Home Federal Bank of Tennessee boosted its position in shares of Procter & Gamble by 0.3% during the second quarter. Home Federal Bank of Tennessee now owns 23,318 shares of the company’s stock worth $3,846,000 after buying an additional 63 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 0.6 %

PG opened at $171.92 on Thursday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94. The company has a market cap of $405.76 billion, a P/E ratio of 28.09, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The business’s 50-day simple moving average is $171.09 and its 200-day simple moving average is $166.40.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Citigroup increased their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased 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, Royal Bank of Canada increased their target price on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Insider Activity

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was 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 of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock valued at $63,829,141 in the last three months. 0.17% of the stock is currently owned by company insiders.

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.