Sequoia Financial Advisors LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,235 shares of the company’s stock after selling 3,265 shares during the period. Sequoia Financial Advisors LLC’s holdings in Procter & Gamble Company (The) were worth $2,088,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Advantage Investment Management LLC bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth $1,475,000. Wills Financial Group Inc. raised its stake in Procter & Gamble Company (The) by 1.5% in the fourth quarter. Wills Financial Group Inc. now owns 45,515 shares of the company’s stock valued at $3,827,000 after buying an additional 670 shares during the period. PagnatoKarp Partners LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at approximately $365,000. GSB Wealth Management LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at approximately $888,000. Finally, Hanlon Investment Management Inc. bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at approximately $2,889,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) traded up 0.0579% during mid-day trading on Monday, hitting $92.5636. 923,224 shares of the stock traded hands. The company has a market cap of $236.04 billion, a P/E ratio of 16.5499 and a beta of 0.68. The firm has a 50 day moving average of $90.22 and a 200 day moving average of $89.30. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.96.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 2.98%. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

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Several equities research analysts have recently commented on the company. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC restated a “buy” rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $90.00 price objective (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and a consensus price target of $87.48.

In related news, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares in the company, valued at $12,414,723.36. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock worth $4,216,070 over the last ninety days. 0.35% of the stock is owned by corporate insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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