Schnieders Capital Management LLC Decreases Stake in Procter & Gamble Co (PG)

Schnieders Capital Management LLC reduced its holdings in shares of Procter & Gamble Co (NYSE:PG) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,472 shares of the company’s stock after selling 6,674 shares during the quarter. Schnieders Capital Management LLC’s holdings in Procter & Gamble were worth $2,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC grew its stake in shares of Procter & Gamble by 209.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after buying an additional 913 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Procter & Gamble in the second quarter valued at $149,000. Clearwater Capital Advisors LLC bought a new position in shares of Procter & Gamble in the first quarter valued at $154,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Procter & Gamble by 296.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after buying an additional 1,524 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new position in shares of Procter & Gamble in the first quarter valued at $170,000. 58.78% of the stock is owned by institutional investors.

In other news, Vice Chairman Jon R. Moeller sold 228,905 shares of Procter & Gamble stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the completion of the sale, the insider now owns 209,033 shares of the company’s stock, valued at $19,205,952.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Juan Fernando Posada sold 1,068 shares of Procter & Gamble stock in a transaction on Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the sale, the insider now directly owns 26,739 shares of the company’s stock, valued at approximately $2,504,374.74. The disclosure for this sale can be found here. Insiders have sold 502,927 shares of company stock valued at $46,437,282 in the last three months. Insiders own 1.84% of the company’s stock.

Shares of Procter & Gamble stock opened at $92.45 on Friday. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.86. The firm has a market cap of $235.84 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.07 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

PG has been the subject of several analyst reports. Citigroup raised their target price on shares of Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 22nd. ValuEngine raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Morgan Stanley set a $91.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Monday, October 22nd. SunTrust Banks raised their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price target on shares of Procter & Gamble in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $88.38.

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About Procter & Gamble

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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