The Procter & Gamble Company (NYSE:PG) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,020 shares of the company’s stock after selling 800 shares during the quarter. Procter & Gamble comprises about 2.8% of Court Place Advisors LLC’s holdings, making the stock its 7th biggest holding. Court Place Advisors LLC’s holdings in Procter & Gamble were worth $8,649,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Emerald Advisors LLC raised its position in Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after buying an additional 65 shares during the period. O Brien Wealth Partners LLC raised its position in Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after buying an additional 65 shares during the period. KFA Private Wealth Group LLC raised its position in Procter & Gamble by 2.2% during the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after buying an additional 67 shares during the period. Chemistry Wealth Management LLC raised its position in Procter & Gamble by 1.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after buying an additional 67 shares during the period. Finally, Watchman Group Inc. raised its position in Procter & Gamble by 0.4% during the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.6 %

Shares of NYSE PG traded up $1.01 during midday trading on Wednesday, hitting $156.96. The stock had a trading volume of 6,497,855 shares, compared to its average volume of 6,852,001. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The firm has a market cap of $369.33 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company’s 50-day simple moving average is $159.20 and its 200 day simple moving average is $152.77.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same period last year, the company earned $1.59 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.56%. Procter & Gamble’s payout ratio is currently 62.98%.

Analyst Ratings Changes

Several brokerages have weighed in on PG. Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Wells Fargo & Company upped their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

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.