Procter & Gamble Company (The) $PG Shares Sold by Fundsmith Investment Services LTD.

Fundsmith Investment Services LTD. reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,888,975 shares of the company’s stock after selling 58,252 shares during the quarter. Procter & Gamble makes up approximately 4.5% of Fundsmith Investment Services LTD.’s investment portfolio, making the stock its 12th largest position. Fundsmith Investment Services LTD.’s holdings in Procter & Gamble were worth $290,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new position in Procter & Gamble during the third quarter worth about $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $34,000. Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $37,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the transaction, the chief executive officer directly owned 34,994 shares of the company’s stock, valued at $5,680,576.02. The trade was a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the sale, the insider owned 12,639 shares in the company, valued at $2,026,158.09. This trade represents a 50.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.0%

Procter & Gamble stock opened at $150.57 on Friday. The company has a market capitalization of $349.91 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The firm has a 50 day moving average price of $153.32 and a 200 day moving average price of $151.03.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 62.52%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.