Graypoint LLC decreased its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,749 shares of the company’s stock after selling 699 shares during the period. Graypoint LLC’s holdings in Procter & Gamble were worth $3,902,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in PG. EWG Elevate Inc. acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new stake in Procter & Gamble in the third quarter valued at approximately $30,000. Bourgeon Capital Management LLC boosted its position in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after buying an additional 71 shares in the last quarter. Paragon Wealth Strategies LLC boosted its position in Procter & Gamble by 487.2% in the fourth quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company’s stock valued at $42,000 after buying an additional 229 shares in the last quarter. Finally, Belmont Capital LLC boosted its position in Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.
Insider Buying and Selling at Procter & Gamble
In related news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the transaction, the chief financial officer now directly owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock worth $656,511 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.
Procter & Gamble Stock Performance
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the business posted $1.66 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a dividend of $0.9407 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.
Analysts Set New Price Targets
A number of analysts have weighed in on PG shares. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, January 20th. Citigroup assumed coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price on the stock. StockNews.com assumed coverage on shares of Procter & Gamble in a report on Thursday, March 16th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $156.00 to $160.00 in a report on Monday, April 10th. Finally, Barclays lifted their price target on shares of Procter & Gamble from $158.00 to $160.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.13.
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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