ERTS Wealth Advisors LLC Reduces Position in The Procter & Gamble Company (NYSE:PG)

ERTS Wealth Advisors LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,300 shares of the company’s stock after selling 338 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Procter & Gamble were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisory Alpha LLC lifted its stake in Procter & Gamble by 9.4% in the fourth quarter. Advisory Alpha LLC now owns 13,473 shares of the company’s stock worth $2,259,000 after acquiring an additional 1,163 shares during the period. West Branch Capital LLC lifted its stake in Procter & Gamble by 2.7% in the fourth quarter. West Branch Capital LLC now owns 60,526 shares of the company’s stock worth $10,147,000 after acquiring an additional 1,567 shares during the period. Missouri Trust & Investment Co lifted its stake in Procter & Gamble by 0.7% in the fourth quarter. Missouri Trust & Investment Co now owns 12,985 shares of the company’s stock worth $2,177,000 after acquiring an additional 91 shares during the period. Braun Bostich & Associates Inc. lifted its stake in Procter & Gamble by 3.1% in the fourth quarter. Braun Bostich & Associates Inc. now owns 3,379 shares of the company’s stock worth $566,000 after acquiring an additional 102 shares during the period. Finally, Traphagen Investment Advisors LLC lifted its stake in Procter & Gamble by 2.2% in the fourth quarter. Traphagen Investment Advisors LLC now owns 4,969 shares of the company’s stock worth $833,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $166.20 on Friday. The Procter & Gamble Company has a one year low of $152.06 and a one year high of $180.43. The stock has a 50-day moving average of $168.97 and a 200 day moving average of $169.38. The company has a market capitalization of $391.41 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.64 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.92 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.42%. Procter & Gamble’s payout ratio is 69.48%.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. UBS Group dropped their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $180.25.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.