Courier Capital LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,863 shares of the company’s stock after selling 1,256 shares during the period. Courier Capital LLC’s holdings in Procter & Gamble were worth $6,496,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. Axiom Financial Strategies LLC grew its holdings in shares of Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares during the period. AMI Investment Management Inc. boosted its position in shares of Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management boosted its position in shares of Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its position in shares of Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 62.13% of the company’s stock.
Insider Transactions at Procter & Gamble
In other news, 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 completion of the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 completion of the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $61,691.70. Following the completion of the sale, the insider now 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 4,766 shares of company stock worth $656,511 in the last three months. Corporate insiders own 0.26% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s dividend payout ratio is presently 64.04%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. 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 report on Friday, March 3rd. StockNews.com assumed coverage on Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Barclays dropped their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Citigroup assumed coverage on Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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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