Birmingham Capital Management Co. Inc. AL Sells 1,000 Shares of The Procter & Gamble Company (NYSE:PG)

Birmingham Capital Management Co. Inc. AL trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,747 shares of the company’s stock after selling 1,000 shares during the period. Procter & Gamble accounts for about 3.2% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 6th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Procter & Gamble were worth $8,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ERn Financial LLC raised its holdings in shares of Procter & Gamble by 3.8% in the second quarter. ERn Financial LLC now owns 4,196 shares of the company’s stock valued at $692,000 after purchasing an additional 155 shares during the last quarter. Hayek Kallen Investment Management boosted its stake in shares of Procter & Gamble by 3.3% during the 2nd quarter. Hayek Kallen Investment Management now owns 3,905 shares of the company’s stock worth $644,000 after buying an additional 123 shares during the last quarter. Miracle Mile Advisors LLC increased its position in shares of Procter & Gamble by 2.6% in the second quarter. Miracle Mile Advisors LLC now owns 63,940 shares of the company’s stock valued at $10,545,000 after acquiring an additional 1,628 shares during the last quarter. Dash Acquisitions Inc. boosted its holdings in shares of Procter & Gamble by 14.5% in the 2nd quarter. Dash Acquisitions Inc. now owns 42,403 shares of the company’s stock valued at $7,185,000 after buying an additional 5,377 shares during the last quarter. Finally, TruNorth Capital Management LLC grew its position in shares of Procter & Gamble by 71.0% in the 2nd quarter. TruNorth Capital Management LLC now owns 318 shares of the company’s stock valued at $52,000 after acquiring an additional 132 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.1 %

PG stock traded down $0.17 on Friday, reaching $170.68. 631,378 shares of the company traded hands, compared to its average volume of 6,672,990. 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 firm has a fifty day simple moving average of $170.69 and a 200-day simple moving average of $169.51. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $180.43. The company has a market cap of $401.96 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the company earned $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business 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. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated 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 transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock worth $14,629,038 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. DA Davidson raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $209.00 in a research report on Monday, November 25th. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight 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 company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.45.

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.