Weaver Capital Management LLC Sells 811 Shares of The Procter & Gamble Company (NYSE:PG)

Weaver Capital Management LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,048 shares of the company’s stock after selling 811 shares during the period. Weaver Capital Management LLC’s holdings in Procter & Gamble were worth $2,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its stake in Procter & Gamble by 4.5% during the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after buying an additional 4,035 shares during the period. Copley Financial Group Inc. purchased a new position in shares of Procter & Gamble during the 3rd quarter worth about $668,000. Fortem Financial Group LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $569,000. Nordea Investment Management AB raised its position in Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after purchasing an additional 201,695 shares during the period. Finally, Synovus Financial Corp lifted its stake in Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after purchasing an additional 6,077 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, UBS Group cut their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.6 %

NYSE:PG opened at $169.07 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $167.94 and a 200-day simple moving average of $169.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market capitalization of $396.45 billion, a P/E ratio of 26.92, a PEG ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.