Investment Management of Virginia LLC lessened its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,765 shares of the company’s stock after selling 141 shares during the period. Investment Management of Virginia LLC’s holdings in Procter & Gamble were worth $4,511,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. EWG Elevate Inc. acquired a new position in Procter & Gamble during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $30,000. Bourgeon Capital Management LLC increased its position in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. Belmont Capital LLC increased its position in Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares during the period. Finally, Align Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 62.13% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. UBS Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $157.00 to $163.00 in a research note on Wednesday, March 1st. Stifel Nicolaus boosted their price target on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday, January 20th. Deutsche Bank Aktiengesellschaft decreased their price target on Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Barclays decreased their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Finally, JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.27.
Procter & Gamble Trading Up 0.8 %
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. The company had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. Procter & Gamble’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were issued a $0.9133 dividend. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the transaction, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The disclosure for this sale can be found here. In the last three months, insiders sold 4,766 shares of company stock worth $656,511. Insiders own 0.26% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.
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