International Assets Investment Management LLC Trims Stock Holdings in The Procter & Gamble Company (NYSE:PG)

International Assets Investment Management LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 99.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,249 shares of the company’s stock after selling 3,665,344 shares during the quarter. International Assets Investment Management LLC’s holdings in Procter & Gamble were worth $4,689,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PG. Fiera Capital Corp grew its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Procter & Gamble by 391.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 289,175 shares of the company’s stock worth $477,000 after buying an additional 230,374 shares during the last quarter. Quest Partners LLC bought a new position in Procter & Gamble during the 2nd quarter valued at approximately $36,000. Cahill Financial Advisors Inc. raised its stake in Procter & Gamble by 3.0% during the second quarter. Cahill Financial Advisors Inc. now owns 2,272 shares of the company’s stock valued at $375,000 after buying an additional 66 shares during the last quarter. Finally, Lane & Associates LLC bought a new stake in Procter & Gamble in the second quarter worth $2,250,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PG. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Wells Fargo & Company decreased their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.75.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The transaction 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 firm’s 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 of the company’s stock, valued at $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. In the last quarter, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.30 during mid-day trading on Wednesday, hitting $161.60. 725,190 shares of the company traded hands, compared to its average volume of 5,645,994. The stock’s fifty day moving average price is $169.92 and its 200-day moving average price is $169.75. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The firm has a market cap of $380.57 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.