Kanawha Capital Management LLC Has $25.60 Million Position in The Procter & Gamble Company (NYSE:PG)

Kanawha Capital Management LLC lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 174,680 shares of the company’s stock after selling 5,298 shares during the quarter. Procter & Gamble comprises 2.3% of Kanawha Capital Management LLC’s portfolio, making the stock its 6th largest holding. Kanawha Capital Management LLC’s holdings in Procter & Gamble were worth $25,598,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Emerald Advisors LLC raised its position in shares of Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after buying an additional 65 shares during the last quarter. O Brien Wealth Partners LLC raised its position in shares of Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after buying an additional 65 shares during the last quarter. Proquility Private Wealth Partners LLC raised its position in shares of Procter & Gamble by 1.1% in the second quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after buying an additional 66 shares during the last quarter. KFA Private Wealth Group LLC raised its position in shares of Procter & Gamble by 2.2% in the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after buying an additional 67 shares during the last quarter. Finally, Chemistry Wealth Management LLC raised its position in shares of Procter & Gamble by 1.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after buying an additional 67 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1 %

Shares of NYSE PG traded down $0.10 during midday trading on Friday, hitting $155.74. The company’s stock had a trading volume of 1,471,637 shares, compared to its average volume of 6,803,863. The business’s fifty day simple moving average is $159.38 and its two-hundred day simple moving average is $152.54. 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 $163.14. The firm has a market capitalization of $366.46 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating 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 business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.59%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insider Activity

In related news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at $1,490,602.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group upped their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.53.

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.