Frazier Financial Advisors LLC Sells 133 Shares of The Procter & Gamble Company (NYSE:PG)

Frazier Financial Advisors LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,028 shares of the company’s stock after selling 133 shares during the period. Procter & Gamble accounts for approximately 0.5% of Frazier Financial Advisors LLC’s portfolio, making the stock its 22nd largest holding. Frazier Financial Advisors LLC’s holdings in Procter & Gamble were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GoalVest Advisory LLC increased its position in shares of Procter & Gamble by 3.8% during the third quarter. GoalVest Advisory LLC now owns 8,467 shares of the company’s stock valued at $1,467,000 after buying an additional 308 shares during the period. Cassady Schiller Wealth Management LLC grew its holdings in shares of Procter & Gamble by 5.8% during the third quarter. Cassady Schiller Wealth Management LLC now owns 86,610 shares of the company’s stock worth $15,001,000 after purchasing an additional 4,751 shares in the last quarter. Accredited Investors Inc. grew its holdings in shares of Procter & Gamble by 4.1% during the third quarter. Accredited Investors Inc. now owns 12,219 shares of the company’s stock worth $2,116,000 after purchasing an additional 486 shares in the last quarter. WESPAC Advisors SoCal LLC grew its holdings in shares of Procter & Gamble by 5.1% during the third quarter. WESPAC Advisors SoCal LLC now owns 40,025 shares of the company’s stock worth $6,932,000 after purchasing an additional 1,946 shares in the last quarter. Finally, River Street Advisors LLC grew its holdings in shares of Procter & Gamble by 2.8% during the third quarter. River Street Advisors LLC now owns 7,235 shares of the company’s stock worth $1,253,000 after purchasing an additional 195 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Thursday, August 29th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $169.54 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a market cap of $399.27 billion, a PE ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The business has a 50 day moving average of $170.32 and a 200 day moving average of $168.36. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 450 shares of the 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 sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 313,597 shares of company stock worth $53,268,499. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.