The Procter & Gamble Company (NYSE:PG) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,564 shares of the company’s stock after selling 4,240 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Procter & Gamble were worth $2,274,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC raised its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $33,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Noble Wealth Management PBC purchased a new stake in Procter & Gamble in the 4th quarter valued at approximately $39,000. Finally, Bay Harbor Wealth Management LLC increased its position in Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on PG shares. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus increased 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. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.47.

Procter & Gamble Stock Performance

NYSE:PG opened at $168.50 on Friday. The firm has a 50-day moving average of $167.21 and a two-hundred day moving average of $169.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $395.10 billion, a P/E ratio of 26.83, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. 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.