High Falls Advisors Inc Sells 721 Shares of The Procter & Gamble Company (NYSE:PG)

High Falls Advisors Inc decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 32.7% during the first quarter, Holdings Channel reports. The firm owned 1,487 shares of the company’s stock after selling 721 shares during the quarter. High Falls Advisors Inc’s holdings in Procter & Gamble were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PG. Global Retirement Partners LLC increased its stake in shares of Procter & Gamble by 4.2% in the fourth quarter. Global Retirement Partners LLC now owns 36,218 shares of the company’s stock worth $5,425,000 after purchasing an additional 1,463 shares in the last quarter. Caprock Group LLC increased its stake in shares of Procter & Gamble by 74.5% in the fourth quarter. Caprock Group LLC now owns 39,522 shares of the company’s stock worth $5,792,000 after purchasing an additional 16,872 shares in the last quarter. MBL Wealth LLC increased its stake in shares of Procter & Gamble by 5.9% in the fourth quarter. MBL Wealth LLC now owns 7,349 shares of the company’s stock worth $1,077,000 after purchasing an additional 412 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of Procter & Gamble by 5.8% in the fourth quarter. Winch Advisory Services LLC now owns 6,161 shares of the company’s stock worth $903,000 after purchasing an additional 335 shares in the last quarter. Finally, Precedent Wealth Partners LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $1,066,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 4.9 %

Shares of Procter & Gamble stock traded down $8.27 during trading on Tuesday, hitting $161.66. The stock had a trading volume of 15,745,427 shares, compared to its average volume of 6,558,331. The firm’s fifty day simple moving average is $166.32 and its 200-day simple moving average is $161.89. The stock has a market cap of $381.54 billion, a PE ratio of 26.42, a PEG ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $170.92.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.29.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders sold 94,320 shares of company stock worth $15,646,323 in the last 90 days. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Company 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.