BTR Capital Management Inc. Trims Stake in Procter & Gamble (PG)

BTR Capital Management Inc. reduced its stake in shares of Procter & Gamble (NYSE:PG) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 79,888 shares of the company’s stock after selling 1,195 shares during the quarter. BTR Capital Management Inc.’s holdings in Procter & Gamble were worth $7,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. lifted its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Weatherly Asset Management L. P. now owns 39,886 shares of the company’s stock valued at $3,665,000 after buying an additional 709 shares in the last quarter. DT Investment Partners LLC lifted its stake in shares of Procter & Gamble by 13.3% during the 4th quarter. DT Investment Partners LLC now owns 34,332 shares of the company’s stock valued at $3,154,000 after buying an additional 4,039 shares in the last quarter. Northstar Investment Advisors LLC lifted its stake in shares of Procter & Gamble by 2.9% during the 4th quarter. Northstar Investment Advisors LLC now owns 114,703 shares of the company’s stock valued at $10,539,000 after buying an additional 3,235 shares in the last quarter. Compass Capital Management Inc. lifted its stake in shares of Procter & Gamble by 6.2% during the 4th quarter. Compass Capital Management Inc. now owns 265,093 shares of the company’s stock valued at $24,357,000 after buying an additional 15,504 shares in the last quarter. Finally, Fulcrum Capital LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $3,048,000. 60.97% of the stock is owned by hedge funds and other institutional investors.

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NYSE PG opened at $78.37 on Friday. Procter & Gamble has a 1 year low of $75.81 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market capitalization of $196,108.89, a price-to-earnings ratio of 19.99, a PEG ratio of 2.44 and a beta of 0.57.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. research analysts forecast that Procter & Gamble will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be given a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $2.87 annualized dividend and a dividend yield of 3.66%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio (DPR) is 70.41%.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. Jefferies Group reiterated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Bank of America lowered their target price on shares of Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays set a $84.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $85.52.

In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock worth $9,710,976. Corporate insiders own 0.35% of the company’s stock.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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