Gradient Investments LLC trimmed its position in Procter & Gamble Co (NYSE:PG) by 32.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,597 shares of the company’s stock after selling 10,116 shares during the period. Gradient Investments LLC’s holdings in Procter & Gamble were worth $2,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Arjuna Capital grew its stake in shares of Procter & Gamble by 2.2% during the second quarter. Arjuna Capital now owns 30,138 shares of the company’s stock valued at $3,305,000 after buying an additional 649 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Procter & Gamble by 6.9% during the second quarter. Schroder Investment Management Group now owns 3,823,838 shares of the company’s stock valued at $419,263,000 after buying an additional 246,678 shares during the last quarter. Bernardo Wealth Planning LLC grew its stake in shares of Procter & Gamble by 5.2% during the second quarter. Bernardo Wealth Planning LLC now owns 6,331 shares of the company’s stock valued at $694,000 after buying an additional 314 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Procter & Gamble by 6.6% during the second quarter. Jacobs Levy Equity Management Inc. now owns 8,930 shares of the company’s stock valued at $979,000 after buying an additional 550 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Procter & Gamble by 201.4% during the second quarter. Gladstone Institutional Advisory LLC now owns 7,230 shares of the company’s stock valued at $793,000 after buying an additional 4,831 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

In other news, Director Nelson Peltz sold 936,280 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the completion of the transaction, the director now directly owns 3,844 shares in the company, valued at $476,156.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven D. Bishop sold 41,165 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $123.36, for a total transaction of $5,078,114.40. Following the transaction, the chief executive officer now owns 45,176 shares of the company’s stock, valued at $5,572,911.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,288,513 shares of company stock worth $159,734,252. Insiders own 1.75% of the company’s stock.

A number of research analysts have recently issued reports on the company. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group raised their target price on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Macquarie raised their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Co raised their target price on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $119.07.

Procter & Gamble stock opened at $125.96 on Thursday. The stock’s 50 day simple moving average is $124.20 and its two-hundred day simple moving average is $120.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The stock has a market cap of $310.95 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 3.38 and a beta of 0.40. Procter & Gamble Co has a fifty-two week low of $89.08 and a fifty-two week high of $126.60.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. On average, analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is 65.93%.

About Procter & Gamble

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

Recommended Story: What is the S&P/ASX 200 Index?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.