Mount Yale Investment Advisors LLC Sells 362 Shares of The Procter & Gamble Company (NYSE:PG)

Mount Yale Investment Advisors LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,855 shares of the company’s stock after selling 362 shares during the quarter. Procter & Gamble makes up 0.7% of Mount Yale Investment Advisors LLC’s holdings, making the stock its 14th largest holding. Mount Yale Investment Advisors LLC’s holdings in Procter & Gamble were worth $7,249,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PG. Signet Financial Management LLC lifted its holdings in shares of Procter & Gamble by 32.3% in the 1st quarter. Signet Financial Management LLC now owns 15,129 shares of the company’s stock worth $2,455,000 after buying an additional 3,694 shares during the period. Agate Pass Investment Management LLC lifted its holdings in shares of Procter & Gamble by 4.2% in the 1st quarter. Agate Pass Investment Management LLC now owns 10,778 shares of the company’s stock worth $1,749,000 after buying an additional 430 shares during the period. Exeter Financial LLC lifted its stake in shares of Procter & Gamble by 2.0% during the 1st quarter. Exeter Financial LLC now owns 16,232 shares of the company’s stock worth $2,523,000 after purchasing an additional 315 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Procter & Gamble by 3.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 11,273 shares of the company’s stock worth $1,829,000 after purchasing an additional 373 shares during the last quarter. Finally, ERn Financial LLC lifted its stake in shares of Procter & Gamble by 2.9% during the 1st quarter. ERn Financial LLC now owns 4,041 shares of the company’s stock worth $656,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PG. Jefferies Financial Group cut 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 research note on Wednesday, July 24th. Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction, the chief executive officer now owns 13,783 shares in the company, valued at $2,343,110. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,186 shares of company stock worth $65,479,358. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.0 %

Procter & Gamble stock opened at $169.64 on Friday. The firm has a market cap of $399.51 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The business’s 50-day moving average price is $171.88 and its 200 day moving average price is $167.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is 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 is currently 69.48%.

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.