Procter & Gamble Co (NYSE:PG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Procter & Gamble Co (NYSE:PG) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,207,363 shares of the company’s stock after selling 27,222 shares during the quarter. Procter & Gamble makes up 1.1% of Teacher Retirement System of Texas’ holdings, making the stock its 8th biggest position. Teacher Retirement System of Texas’ holdings in Procter & Gamble were worth $132,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Camarda Financial Advisors LLC lifted its holdings in Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $36,000. Smart Portfolios LLC lifted its holdings in Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the last quarter. Financial Management Professionals Inc. increased its position in Procter & Gamble by 71.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock worth $51,000 after buying an additional 193 shares during the period. Finally, Massey Quick Simon & CO. LLC increased its position in Procter & Gamble by 83.9% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 469 shares of the company’s stock worth $51,000 after buying an additional 214 shares during the period. 62.57% of the stock is owned by institutional investors.

Shares of NYSE PG traded down $2.10 during mid-day trading on Friday, reaching $117.32. The company had a trading volume of 5,657,177 shares, compared to its average volume of 8,850,847. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. Procter & Gamble Co has a one year low of $78.49 and a one year high of $121.76. The firm has a market cap of $298.27 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.45 and a beta of 0.45. The business’s 50-day simple moving average is $115.99 and its 200 day simple moving average is $107.28.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same quarter last year, the business earned $0.94 earnings per share. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s dividend payout ratio is presently 65.93%.

PG has been the topic of several recent research reports. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Deutsche Bank increased their price objective on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, SunTrust Banks increased their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.15.

In related news, insider Mary Theresa Grabowski sold 2,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $119.32, for a total value of $238,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 429,026 shares of company stock worth $50,867,990. Company insiders own 1.84% of the company’s stock.

Procter & Gamble Company Profile

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

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

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