Strategic Financial Services Inc Has $1.13 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Strategic Financial Services Inc cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,713 shares of the company’s stock after selling 72 shares during the period. Strategic Financial Services Inc’s holdings in Procter & Gamble were worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Advantage Trust Co purchased a new position in Procter & Gamble in the fourth quarter valued at about $28,000. Wyrmwood Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $33,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $33,000. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the sale, the chief executive officer now directly owns 36,854 shares of the company’s stock, valued at $6,080,172.92. The disclosure for this sale can be found here. Insiders have sold a total of 140,112 shares of company stock valued at $22,841,321 in the last quarter. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Barclays upped their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Up 0.9 %

Shares of PG stock traded up $1.48 on Thursday, hitting $167.99. 3,698,437 shares of the company’s stock traded hands, compared to its average volume of 6,751,841. The stock has a market capitalization of $396.48 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.37 and a beta of 0.43. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The company’s fifty day simple moving average is $161.02 and its 200 day simple moving average is $155.16.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.