Greenwich Wealth Management LLC Has $1.06 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Greenwich Wealth Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,442 shares of the company’s stock after selling 79 shares during the period. Greenwich Wealth Management LLC’s holdings in Procter & Gamble were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PG. Abound Wealth Management raised its stake in Procter & Gamble by 7.7% during the second quarter. Abound Wealth Management now owns 1,950 shares of the company’s stock worth $322,000 after acquiring an additional 139 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $44,000. Brown Brothers Harriman & Co. increased its position in shares of Procter & Gamble by 4.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock worth $58,467,000 after purchasing an additional 13,533 shares in the last quarter. Rathbones Group PLC boosted its position in Procter & Gamble by 9.4% in the second quarter. Rathbones Group PLC now owns 1,029,555 shares of the company’s stock valued at $169,794,000 after buying an additional 88,426 shares in the last quarter. Finally, Pine Harbor Wealth Management LLC grew its stake in Procter & Gamble by 4.8% during the second quarter. Pine Harbor Wealth Management LLC now owns 3,354 shares of the company’s stock worth $553,000 after buying an additional 155 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, 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. Insiders sold a total of 375,553 shares of company stock worth $63,829,141 in the last quarter. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Barclays decreased their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Citigroup boosted their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Procter & Gamble Trading Up 0.4 %

NYSE:PG opened at $174.08 on Monday. 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 Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The firm has a market capitalization of $410.85 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.77 and a beta of 0.41. The business’s 50-day moving average price is $169.38 and its two-hundred day moving average price is $165.24.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s dividend payout ratio is 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.