The Procter & Gamble Company (NYSE:PG) Shares Sold by Investment Advisory Group LLC

Investment Advisory Group LLC reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,098 shares of the company’s stock after selling 168 shares during the period. Procter & Gamble comprises 1.2% of Investment Advisory Group LLC’s holdings, making the stock its 21st biggest position. Investment Advisory Group LLC’s holdings in Procter & Gamble were worth $3,537,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PG. Concurrent Investment Advisors LLC increased its position in shares of Procter & Gamble by 4.5% during the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after purchasing an additional 4,035 shares in the last quarter. Copley Financial Group Inc. purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $668,000. Fortem Financial Group LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth $569,000. Nordea Investment Management AB raised its stake in Procter & Gamble by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after purchasing an additional 201,695 shares during the period. Finally, Synovus Financial Corp raised its position in shares of Procter & Gamble by 3.4% during the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after buying an additional 6,077 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.9 %

Shares of PG stock opened at $166.20 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $168.97 and its two-hundred day moving average is $169.38. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43. The company has a market capitalization of $391.41 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

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

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. Barclays boosted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore ISI increased their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble 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.