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

PFG Investments LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,497 shares of the company’s stock after selling 447 shares during the period. Procter & Gamble accounts for 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its stake in shares of Procter & Gamble by 0.8% during the second 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 1.1% during the first 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 in the last quarter. Morgan Stanley increased its stake in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after purchasing an additional 38,495,676 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of 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. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,063 shares of company stock valued at $43,187,745. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 1.1 %

Procter & Gamble stock traded up $1.73 during trading hours on Wednesday, hitting $162.28. The company had a trading volume of 579,981 shares, compared to its average volume of 6,801,307. The firm has a market cap of $381.85 billion, a P/E ratio of 26.89, a P/E/G ratio of 3.27 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. 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 two-hundred day moving average price of $152.04.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on PG shares. Raymond James lifted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note 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. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.41.

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.