The Procter & Gamble Company (NYSE:PG) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. cut its holdings in The Procter & Gamble Company (NYSE:PG) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,670 shares of the company’s stock after selling 250 shares during the quarter. Rempart Asset Management Inc.’s holdings in Procter & Gamble were worth $1,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Tevis Investment Management boosted its position in Procter & Gamble by 0.5% during the first quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock worth $1,823,000 after purchasing an additional 64 shares during the period. Eagle Strategies LLC boosted its position in Procter & Gamble by 1.9% during the first quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock worth $524,000 after purchasing an additional 65 shares during the period. WealthTrust Asset Management LLC boosted its position in Procter & Gamble by 3.4% during the first quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock worth $296,000 after purchasing an additional 65 shares during the period. Exeter Financial LLC boosted its position in Procter & Gamble by 0.4% during the first quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock worth $2,286,000 after purchasing an additional 66 shares during the period. Finally, Diligent Investors LLC boosted its position in Procter & Gamble by 0.4% during the first quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock worth $2,391,000 after purchasing an additional 66 shares during the period. 63.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Saturday. Barclays upped their price target on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. Bank of America upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. William Blair initiated coverage on Procter & Gamble in a report on Friday, September 8th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.82.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 11,522 shares of Procter & Gamble stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total value of $1,775,885.86. Following the completion of the sale, the chief operating officer now directly owns 10,135 shares in the company, valued at $1,562,107.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Shailesh Jejurikar sold 11,522 shares of Procter & Gamble stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total value of $1,775,885.86. Following the completion of the sale, the chief operating officer now directly owns 10,135 shares in the company, valued at $1,562,107.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 884 shares of Procter & Gamble stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $154.49, for a total value of $136,569.16. Following the completion of the sale, the insider now owns 8,073 shares of the company’s stock, valued at $1,247,197.77. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock valued at $16,523,793 over the last ninety days. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE PG opened at $154.05 on Tuesday. The stock has a market cap of $363.14 billion, a PE ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The business has a fifty day moving average of $153.35 and a two-hundred day moving average of $150.37. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.63.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a $0.9407 dividend. The ex-dividend date was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. Procter & Gamble’s dividend payout ratio is 63.73%.

About Procter & Gamble

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.