PFG Investments LLC Sells 447 Shares of The Procter & Gamble Company (NYSE:PG)

PFG Investments LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,497 shares of the company’s stock after selling 447 shares during the quarter. Procter & Gamble comprises about 0.6% of PFG Investments LLC’s portfolio, making the stock its 27th largest position. PFG Investments LLC’s holdings in Procter & Gamble were worth $3,297,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after purchasing an additional 817,674 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after purchasing an additional 510,559 shares during the last quarter. Morgan Stanley grew its holdings in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after acquiring an additional 4,959,527 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Procter & Gamble by 96,526.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after acquiring an additional 3,047,557 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PG shares. Raymond James boosted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.41.

Procter & Gamble Stock Up 1.1 %

Shares of Procter & Gamble stock traded up $1.73 during trading on Wednesday, reaching $162.28. 579,981 shares of the company traded hands, compared to its average volume of 6,801,307. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $162.73. The company has a 50 day moving average price of $157.95 and a 200-day moving average price of $152.04. The firm has a market capitalization of $381.85 billion, a PE ratio of 26.89, a P/E/G ratio of 3.27 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter in the previous year, the company earned $1.59 EPS. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.