Hohimer Wealth Management LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Hohimer Wealth Management LLC lessened its position in The Procter & Gamble Company (NYSE:PG) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 8,806 shares of the company’s stock after selling 819 shares during the period. Hohimer Wealth Management LLC’s holdings in Procter & Gamble were worth $1,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $28,000. Wyrmwood Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at approximately $29,000. Naples Money Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at approximately $29,000. Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the 4th quarter valued at approximately $33,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Procter & Gamble in the 4th quarter valued at approximately $33,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PG shares. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 181,185 shares of company stock valued at $29,705,503 over the last 90 days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 1.1 %

PG traded down $1.80 during trading on Thursday, hitting $166.01. The stock had a trading volume of 2,630,918 shares, compared to its average volume of 6,653,387. The company has a market capitalization of $391.81 billion, a PE ratio of 27.41, a PEG ratio of 3.42 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.54. 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 stock has a 50 day simple moving average of $161.67 and a two-hundred day simple moving average of $155.78.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.