Fingerlakes Wealth Management Inc. Lowers Position in Procter & Gamble Company (The) (NYSE:PG)

Fingerlakes Wealth Management Inc. lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,374 shares of the company’s stock after selling 217 shares during the quarter. Fingerlakes Wealth Management Inc.’s holdings in Procter & Gamble were worth $234,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Luminvest Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $201,000. Genus Capital Management Inc. boosted its position in Procter & Gamble by 671.5% during the first quarter. Genus Capital Management Inc. now owns 14,339 shares of the company’s stock valued at $2,444,000 after buying an additional 16,848 shares during the period. Ramsay Stattman Vela & Price Inc. boosted its position in Procter & Gamble by 7.9% during the first quarter. Ramsay Stattman Vela & Price Inc. now owns 79,008 shares of the company’s stock valued at $13,465,000 after buying an additional 5,814 shares during the period. Joseph Group Capital Management boosted its position in Procter & Gamble by 11.5% during the first quarter. Joseph Group Capital Management now owns 29,095 shares of the company’s stock valued at $4,958,000 after buying an additional 2,994 shares during the period. Finally, Cerity Partners LLC grew its position in Procter & Gamble by 1.0% during the 1st quarter. Cerity Partners LLC now owns 6,501,095 shares of the company’s stock worth $1,107,917,000 after acquiring an additional 61,977 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.6%

Procter & Gamble stock opened at $158.46 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a one year low of $155.95 and a one year high of $180.43. The stock has a market capitalization of $371.52 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 4.48 and a beta of 0.40. The business’s fifty day moving average is $161.84 and its 200 day moving average is $165.03.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. Procter & Gamble’s revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s payout ratio is 67.14%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Evercore ISI reiterated an “outperform” rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.45.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.