Martin Capital Partners LLC Has $1.99 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Martin Capital Partners LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 57.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,869 shares of the company’s stock after selling 16,010 shares during the period. Procter & Gamble accounts for approximately 2.4% of Martin Capital Partners LLC’s holdings, making the stock its 18th largest holding. Martin Capital Partners LLC’s holdings in Procter & Gamble were worth $1,990,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Money Concepts Capital Corp boosted its holdings in Procter & Gamble by 1.0% during the fourth quarter. Money Concepts Capital Corp now owns 48,560 shares of the company’s stock worth $8,141,000 after buying an additional 458 shares during the last quarter. Confluence Wealth Services Inc. raised its position in shares of Procter & Gamble by 1.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 41,835 shares of the company’s stock valued at $6,951,000 after acquiring an additional 497 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Procter & Gamble by 11.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 267,029 shares of the company’s stock worth $45,092,000 after acquiring an additional 28,140 shares during the last quarter. Jericho Financial LLP acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $3,793,000. Finally, Berkshire Money Management Inc. acquired a new stake in Procter & Gamble in the fourth quarter worth $339,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus increased their price objective 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. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Up 0.6 %

NYSE:PG opened at $169.07 on Thursday. The firm has a market capitalization of $396.45 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The stock’s 50 day moving average price is $167.94 and its two-hundred day moving average price is $169.41.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’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 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 151,097 shares of company stock worth $25,635,076 over the last 90 days. Company insiders own 0.18% of the company’s stock.

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.