Osborne Partners Capital Management LLC cut its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,848 shares of the company’s stock after selling 488 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Procter & Gamble were worth $12,556,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ledyard National Bank boosted its stake in Procter & Gamble by 1.2% during the third quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock worth $10,233,000 after buying an additional 961 shares during the last quarter. Autumn Glory Partners LLC boosted its stake in Procter & Gamble by 38.9% during the third quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock worth $1,383,000 after buying an additional 3,070 shares during the last quarter. Private Wealth Partners LLC boosted its stake in Procter & Gamble by 9.4% during the third quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock worth $3,586,000 after buying an additional 2,445 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in Procter & Gamble by 11.1% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock worth $4,682,000 after buying an additional 3,089 shares during the last quarter. Finally, Udine Wealth Management Inc. acquired a new position in Procter & Gamble during the third quarter worth $752,000. 62.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Procter & Gamble
In related news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $295,418.34. Following the completion of the sale, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 435 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $656,511 in the last three months. 0.26% of the stock is currently owned by company insiders.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. Analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. UBS Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price target for the company from $157.00 to $163.00 in a research note on Wednesday, March 1st. Citigroup assumed coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target on the stock. 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, Wells Fargo & Company decreased their price target on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.
Procter & Gamble 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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