Wellington Management Group LLP Sells 2,838,467 Shares of The Procter & Gamble Company (NYSE:PG)

Wellington Management Group LLP lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,228,175 shares of the company’s stock after selling 2,838,467 shares during the period. Procter & Gamble makes up approximately 0.7% of Wellington Management Group LLP’s portfolio, making the stock its 21st largest position. Wellington Management Group LLP owned approximately 1.03% of Procter & Gamble worth $4,061,854,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PG. Partners in Financial Planning purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $585,000. O Shaughnessy Asset Management LLC raised its stake in Procter & Gamble by 8.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 432,699 shares of the company’s stock valued at $72,542,000 after buying an additional 32,960 shares during the last quarter. Bcwm LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at $445,000. United Bank boosted its stake in shares of Procter & Gamble by 7.4% in the 4th quarter. United Bank now owns 14,351 shares of the company’s stock worth $2,406,000 after buying an additional 984 shares during the last quarter. Finally, Joseph Group Capital Management grew its holdings in shares of Procter & Gamble by 12.7% in the fourth quarter. Joseph Group Capital Management now owns 26,101 shares of the company’s stock worth $4,376,000 after acquiring an additional 2,947 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. 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 report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Procter & Gamble Trading Down 0.5 %

PG opened at $167.94 on Monday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. 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 stock has a 50-day moving average of $168.60 and a 200 day moving average of $169.31. The firm has a market cap of $393.80 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its 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. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Profile

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.