Intercontinental Wealth Advisors LLC Sells 1,188 Shares of The Procter & Gamble Company (NYSE:PG)

Intercontinental Wealth Advisors LLC decreased its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 14.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,953 shares of the company’s stock after selling 1,188 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,062,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Lansing Street Advisors acquired a new stake in shares of Procter & Gamble in the first quarter worth $37,000. Western Pacific Wealth Management LP acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $40,000. Retirement Group LLC grew its stake in shares of Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares during the last quarter. IAG Wealth Partners LLC grew its stake in shares of Procter & Gamble by 31.0% in the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $50,000. Institutional investors own 63.64% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $144.72 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.45 and a current ratio of 0.65. The stock has a 50 day simple moving average of $142.90 and a 200 day simple moving average of $151.06. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The firm has a market capitalization of $347.23 billion, a PE ratio of 24.91, a P/E/G ratio of 4.00 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. During the same period last year, the company earned $1.13 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts predict that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be issued a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s dividend payout ratio is 62.82%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research note on Monday, June 20th. Barclays decreased their price target on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Finally, Wells Fargo & Company cut their price objective on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at $728,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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