Leisure Capital Management Has $2.59 Million Position in The Procter & Gamble Company (NYSE:PG)

Leisure Capital Management lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,691 shares of the company’s stock after selling 1,487 shares during the quarter. Procter & Gamble makes up approximately 1.4% of Leisure Capital Management’s investment portfolio, making the stock its 15th largest holding. Leisure Capital Management’s holdings in Procter & Gamble were worth $2,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investment Partners LTD. grew its position in shares of Procter & Gamble by 27.1% during the 4th quarter. Investment Partners LTD. now owns 10,866 shares of the company’s stock worth $1,592,000 after buying an additional 2,317 shares during the period. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Procter & Gamble by 3.9% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 4,262 shares of the company’s stock worth $625,000 after purchasing an additional 161 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Procter & Gamble by 19.2% in the 4th quarter. Addison Advisors LLC now owns 7,516 shares of the company’s stock worth $1,101,000 after purchasing an additional 1,209 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $1,190,000. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Procter & Gamble by 33.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 473,542 shares of the company’s stock worth $69,393,000 after purchasing an additional 119,406 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $1.26 during midday trading on Friday, reaching $161.29. 5,659,784 shares of the company’s stock traded hands, compared to its average volume of 6,820,118. The company has a market cap of $380.67 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.30 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $164.32. The stock has a 50 day moving average of $159.64 and a 200 day moving average of $153.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. Procter & Gamble’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 represents a $4.03 dividend on an annualized basis and a yield of 2.50%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is presently 65.85%.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Jefferies Financial Group lifted their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 100,865 shares of company stock worth $16,029,280 in the last quarter. 0.17% of the stock is owned by company insiders.

About Procter & Gamble

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.