First Command Advisory Services Inc. Sells 5,455 Shares of Procter & Gamble Company (The) $PG

First Command Advisory Services Inc. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 29.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,867 shares of the company’s stock after selling 5,455 shares during the quarter. First Command Advisory Services Inc.’s holdings in Procter & Gamble were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $27,862,105,000. Bank of America Corp DE bought a new position in shares of Procter & Gamble in the 2nd quarter worth $3,850,628,000. Bank of New York Mellon Corp acquired a new stake in shares of Procter & Gamble during the second quarter worth $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Procter & Gamble in the second quarter valued at about $1,480,650,000. Finally, Corient Private Wealth LP bought a new stake in Procter & Gamble in the second quarter valued at about $335,908,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the completion of the transaction, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at $11,089,442. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew W. Janzaruk sold 9,479 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $207,173. This represents a 88.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 197,756 shares of company stock worth $32,336,001. 0.23% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 0.5%

NYSE:PG opened at $167.79 on Thursday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.52. The stock has a 50-day moving average price of $153.39 and a two-hundred day moving average price of $149.73. The stock has a market cap of $388.91 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 4.15 and a beta of 0.36. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 earnings per share. As a group, equities analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PG. DZ Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Citigroup upped their price target on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, October 22nd. Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.