Janney Capital Management LLC Lowers Stake in The Procter & Gamble Company (NYSE:PG)

Janney Capital Management LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 89,577 shares of the company’s stock after selling 1,338 shares during the quarter. Procter & Gamble accounts for about 1.0% of Janney Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Janney Capital Management LLC’s holdings in Procter & Gamble were worth $15,018,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Acorn Creek Capital LLC raised its stake in shares of Procter & Gamble by 2.8% in the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock valued at $376,000 after acquiring an additional 59 shares during the period. Patrick M Sweeney & Associates Inc. lifted its stake in shares of Procter & Gamble by 1.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock worth $963,000 after acquiring an additional 59 shares in the last quarter. Traveka Wealth LLC raised its position in shares of Procter & Gamble by 1.7% in the 3rd quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock valued at $616,000 after purchasing an additional 60 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in Procter & Gamble by 0.7% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company’s stock valued at $1,507,000 after acquiring an additional 61 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 11.2% during the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock worth $105,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $166.20 on Friday. The firm has a market cap of $391.41 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 3.64 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $152.06 and a 1 year high of $180.43. The business has a fifty day simple moving average of $168.97 and a 200 day simple moving average of $169.38.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PG shares. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. UBS Group lowered their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.25.

Insider Activity

In other news, 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 value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.