Cable Hill Partners LLC Sells 350 Shares of The Procter & Gamble Company (NYSE:PG)

Cable Hill Partners LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,551 shares of the company’s stock after selling 350 shares during the quarter. Cable Hill Partners LLC’s holdings in The Procter & Gamble were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Morgan Stanley boosted its stake in shares of The Procter & Gamble by 2.7% during the 3rd quarter. Morgan Stanley now owns 30,380,311 shares of the company’s stock worth $4,222,562,000 after acquiring an additional 799,059 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of The Procter & Gamble by 3.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 14,467,867 shares of the company’s stock worth $2,010,889,000 after acquiring an additional 454,654 shares during the period. Alliancebernstein L.P. boosted its stake in shares of The Procter & Gamble by 5.0% during the 4th quarter. Alliancebernstein L.P. now owns 12,812,531 shares of the company’s stock worth $1,782,736,000 after acquiring an additional 611,102 shares during the period. California Public Employees Retirement System boosted its stake in shares of The Procter & Gamble by 2.5% during the 4th quarter. California Public Employees Retirement System now owns 9,981,348 shares of the company’s stock worth $1,388,805,000 after acquiring an additional 246,367 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of The Procter & Gamble by 67.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,579,647 shares of the company’s stock worth $1,192,485,000 after acquiring an additional 3,446,672 shares during the period. Hedge funds and other institutional investors own 63.05% of the company’s stock.

Several brokerages have recently commented on PG. Wells Fargo & Company began coverage on The Procter & Gamble in a research note on Monday, December 7th. They set an “overweight” rating and a $160.00 target price for the company. Zacks Investment Research downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research note on Thursday, January 21st. Stifel Nicolaus downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a research note on Thursday, January 28th. Independent Research upgraded The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research note on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, January 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $146.75.

In other news, Director Nelson Peltz sold 107,372 shares of the business’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $128.00, for a total transaction of $13,743,616.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 95,163 shares of the business’s stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $130.65, for a total value of $12,433,045.95. Following the transaction, the insider now directly owns 224,749 shares of the company’s stock, valued at approximately $29,363,456.85. The disclosure for this sale can be found here. Insiders have sold a total of 917,982 shares of company stock valued at $120,898,322 in the last three months. 0.70% of the stock is owned by insiders.

NYSE PG traded up $1.96 during midday trading on Tuesday, hitting $128.54. The company had a trading volume of 197,409 shares, compared to its average volume of 7,732,347. The company has a market capitalization of $316.53 billion, a PE ratio of 24.20, a P/E/G ratio of 3.25 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $131.77 and a 200-day moving average price of $137.05. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $146.92.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 19th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The company had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $19.23 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. The Procter & Gamble’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Friday, January 22nd were issued a dividend of $0.7907 per share. The ex-dividend date was Thursday, January 21st. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.46%. The Procter & Gamble’s dividend payout ratio (DPR) is currently 61.72%.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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