Wealthquest Corp Sells 6,341 Shares of The Procter & Gamble Company (NYSE:PG)

Wealthquest Corp reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,109 shares of the company's stock after selling 6,341 shares during the period. Procter & Gamble comprises 2.7% of Wealthquest Corp's investment portfolio, making the stock its 14th biggest position. Wealthquest Corp's holdings in Procter & Gamble were worth $30,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $33,000. POM Investment Strategies LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $34,000. Finally, Quest Partners LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $36,000. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider now owns 11,566 shares of the company's stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock valued at $14,629,038 in the last quarter. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.1 %

Procter & Gamble stock traded up $0.22 during trading hours on Thursday, reaching $170.85. The stock had a trading volume of 3,955,813 shares, compared to its average volume of 6,691,316. The stock has a market cap of $402.36 billion, a PE ratio of 29.48, a PEG ratio of 3.68 and a beta of 0.44. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 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. The company has a fifty day simple moving average of $170.68 and a 200-day simple moving average of $169.50.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, October 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 69.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an "overweight" rating in a research note on Thursday, September 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Barclays cut shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Finally, 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 research report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $180.45.

Procter & Gamble 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.