Rock Point Advisors LLC Decreases Holdings in Procter & Gamble Co (NYSE:PG)

Rock Point Advisors LLC trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,795 shares of the company’s stock after selling 595 shares during the quarter. Rock Point Advisors LLC’s holdings in Procter & Gamble were worth $849,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares during the last quarter. Cerebellum GP LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at about $122,000. Confluence Investment Management LLC increased its holdings in Procter & Gamble by 3.0% during the 3rd quarter. Confluence Investment Management LLC now owns 211,806 shares of the company’s stock valued at $26,344,000 after acquiring an additional 6,129 shares in the last quarter. First Command Financial Services Inc. increased its holdings in Procter & Gamble by 1.5% during the 3rd quarter. First Command Financial Services Inc. now owns 15,972 shares of the company’s stock valued at $1,987,000 after acquiring an additional 230 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in Procter & Gamble by 2.2% during the 3rd quarter. DNB Asset Management AS now owns 448,243 shares of the company’s stock valued at $55,752,000 after acquiring an additional 9,585 shares in the last quarter. 63.36% of the stock is currently owned by institutional investors.

Shares of Procter & Gamble stock traded up $0.55 during mid-day trading on Friday, hitting $125.51. 3,038,423 shares of the stock were exchanged, compared to its average volume of 7,062,062. Procter & Gamble Co has a twelve month low of $97.75 and a twelve month high of $128.09. The stock has a market capitalization of $311.57 billion, a price-to-earnings ratio of 74.27, a price-to-earnings-growth ratio of 3.34 and a beta of 0.36. The company has a 50-day simple moving average of $125.01 and a 200 day simple moving average of $122.11. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, January 23rd. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.05. Procter & Gamble had a net margin of 6.92% and a return on equity of 27.14%. The company had revenue of $18.24 billion for the quarter, compared to analysts’ expectations of $18.37 billion. During the same period last year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts forecast that Procter & Gamble Co will post 4.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

In related news, CEO Ma. Fatima Francisco sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $126.50, for a total value of $379,500.00. Following the sale, the chief executive officer now directly owns 3,856 shares of the company’s stock, valued at $487,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 37,385 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $126.28, for a total transaction of $4,720,977.80. Following the completion of the sale, the insider now directly owns 60,191 shares in the company, valued at $7,600,919.48. The disclosure for this sale can be found here. Insiders have sold a total of 100,411 shares of company stock worth $12,652,757 over the last ninety days. 1.75% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on PG shares. Goldman Sachs Group restated a “buy” rating and set a $136.00 target price on shares of Procter & Gamble in a report on Wednesday, October 23rd. UBS Group raised their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Macquarie raised their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus restated a “hold” rating and set a $119.00 target price on shares of Procter & Gamble in a report on Friday, January 24th. Finally, Morgan Stanley restated a “buy” rating and set a $134.00 target price on shares of Procter & Gamble in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $124.86.

Procter & Gamble Profile

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.

Further Reading: Gross Domestic Product (GDP)

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

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