Baker Ellis Asset Management LLC Has $392,000 Position in The Procter & Gamble Company (NYSE:PG)

Baker Ellis Asset Management LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,897 shares of the company’s stock after selling 97 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in The Procter & Gamble were worth $392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allied Investment Advisors LLC raised its stake in shares of The Procter & Gamble by 3.8% during the 1st quarter. Allied Investment Advisors LLC now owns 44,095 shares of the company’s stock worth $5,972,000 after purchasing an additional 1,601 shares during the period. Bangor Savings Bank grew its stake in shares of The Procter & Gamble by 1.2% in the fourth quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after acquiring an additional 86 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of The Procter & Gamble by 17.5% in the first quarter. Exchange Traded Concepts LLC now owns 39,894 shares of the company’s stock worth $5,403,000 after acquiring an additional 5,948 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its position in shares of The Procter & Gamble by 3.7% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,899 shares of the company’s stock valued at $403,000 after buying an additional 104 shares during the last quarter. Finally, Novak Financial Planning LLC purchased a new stake in shares of The Procter & Gamble during the fourth quarter valued at $2,533,000. 63.05% of the stock is owned by institutional investors and hedge funds.

Shares of PG opened at $135.00 on Tuesday. The business’s 50 day moving average is $133.89 and its 200 day moving average is $134.79. The company has a market capitalization of $330.51 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a 12-month low of $111.25 and a 12-month high of $146.92. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Equities research analysts predict that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be paid a dividend of $0.8698 per share. This represents a $3.48 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is 67.97%.

In other The Procter & Gamble news, CEO Steven D. Bishop sold 3,173 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $399,068.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nelson Peltz sold 408,880 shares of The Procter & Gamble stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $128.71, for a total value of $52,626,944.80. Following the completion of the sale, the director now directly owns 5,357 shares in the company, valued at approximately $689,499.47. The disclosure for this sale can be found here. Insiders have sold a total of 560,215 shares of company stock worth $72,179,449 in the last three months. 0.70% of the stock is owned by corporate insiders.

Several research firms recently commented on PG. Independent Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Friday, January 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, April 27th. Stifel Nicolaus cut The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price on the stock. in a research report on Thursday, January 28th. Citigroup cut The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 21st. Finally, Sanford C. Bernstein started coverage on The Procter & Gamble in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $148.93.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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