The Procter & Gamble Company (NYSE:PG) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group cut its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,535 shares of the company's stock after selling 3,361 shares during the quarter. Rehmann Capital Advisory Group's holdings in Procter & Gamble were worth $6,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valued Wealth Advisors LLC lifted its stake in Procter & Gamble by 51.5% during the 2nd quarter. Valued Wealth Advisors LLC now owns 544 shares of the company's stock worth $90,000 after acquiring an additional 185 shares in the last quarter. Phoenix Wealth Advisors boosted its stake in shares of Procter & Gamble by 4.9% in the second quarter. Phoenix Wealth Advisors now owns 6,954 shares of the company's stock valued at $1,147,000 after purchasing an additional 326 shares during the period. James J. Burns & Company LLC grew its holdings in shares of Procter & Gamble by 76.6% in the second quarter. James J. Burns & Company LLC now owns 5,472 shares of the company's stock valued at $903,000 after purchasing an additional 2,373 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its stake in Procter & Gamble by 4.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 9,559 shares of the company's stock worth $1,576,000 after buying an additional 419 shares during the period. Finally, Patrick M Sweeney & Associates Inc. lifted its holdings in Procter & Gamble by 4.5% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 5,502 shares of the company's stock worth $907,000 after buying an additional 236 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares of the company's stock, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,080 shares of company stock valued at $14,629,038 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE PG traded down $1.59 on Wednesday, hitting $170.69. 5,236,628 shares of the company's stock were exchanged, compared to its average volume of 6,709,633. The firm has a market cap of $401.98 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 3.68 and a beta of 0.44. The firm's 50-day moving average price is $170.70 and its two-hundred day moving average price is $169.49. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. During the same period in the prior year, the company posted $1.83 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble's dividend payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PG shares. Wolfe Research upgraded Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. Evercore ISI boosted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. DZ Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Thursday, August 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, DA Davidson upgraded Procter & Gamble from a "neutral" rating to a "buy" rating and raised their price target for the company from $160.00 to $209.00 in a research note on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $180.45.

About Procter & Gamble

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.