First Personal Financial Services cut its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,862 shares of the company’s stock after selling 733 shares during the period. Procter & Gamble comprises approximately 2.7% of First Personal Financial Services’ investment portfolio, making the stock its 4th largest holding. First Personal Financial Services’ holdings in Procter & Gamble were worth $9,830,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. MV Capital Management Inc. lifted its stake in Procter & Gamble by 0.6% during the 4th quarter. MV Capital Management Inc. now owns 21,540 shares of the company’s stock valued at $3,265,000 after acquiring an additional 139 shares in the last quarter. West Branch Capital LLC lifted its stake in Procter & Gamble by 0.3% during the 4th quarter. West Branch Capital LLC now owns 56,340 shares of the company’s stock valued at $8,539,000 after acquiring an additional 180 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Procter & Gamble by 16.8% during the 4th quarter. Natixis Advisors L.P. now owns 1,076,313 shares of the company’s stock worth $163,126,000 after purchasing an additional 154,773 shares during the period. Beacon Capital Management LLC raised its stake in shares of Procter & Gamble by 3.1% during the 4th quarter. Beacon Capital Management LLC now owns 11,335 shares of the company’s stock worth $1,718,000 after purchasing an additional 346 shares during the period. Finally, Wells Trecaso Financial Group LLC raised its stake in shares of Procter & Gamble by 0.5% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 56,118 shares of the company’s stock worth $8,505,000 after purchasing an additional 268 shares during the period. 62.13% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Down 0.2 %
PG stock opened at $150.66 on Wednesday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $355.43 billion, a PE ratio of 26.43, a PEG ratio of 4.25 and a beta of 0.41. The stock has a 50-day simple moving average of $142.49 and a two-hundred day simple moving average of $141.89.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 21st will be issued a dividend of $0.9407 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is presently 64.04%.
Insider Transactions at Procter & Gamble
In other news, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction that occurred 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 owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 435 shares of the company’s 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently commented on PG. UBS Group lifted their target price on Procter & Gamble from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Stifel Nicolaus lifted their target price 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 lifted their target price on Procter & Gamble from $156.00 to $160.00 in a research note on Monday. Citigroup assumed coverage on Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.
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 & 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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