The Procter & Gamble Company (NYSE:PG) Shares Sold by Activest Wealth Management

Activest Wealth Management lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 646 shares of the company’s stock after selling 273 shares during the period. Activest Wealth Management’s holdings in Procter & Gamble were worth $108,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its stake in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the period. Brown Miller Wealth Management LLC raised its holdings in shares of Procter & Gamble by 1.4% in the third quarter. Brown Miller Wealth Management LLC now owns 20,673 shares of the company’s stock valued at $3,580,000 after buying an additional 288 shares during the last quarter. InTrack Investment Management Inc boosted its stake in shares of Procter & Gamble by 6.8% during the third quarter. InTrack Investment Management Inc now owns 11,445 shares of the company’s stock worth $1,982,000 after buying an additional 731 shares during the period. Retirement Planning Group LLC grew its holdings in shares of Procter & Gamble by 17.6% during the third quarter. Retirement Planning Group LLC now owns 4,640 shares of the company’s stock worth $804,000 after buying an additional 693 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Procter & Gamble by 24.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 71,666 shares of the company’s stock valued at $12,413,000 after acquiring an additional 14,105 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $167.99 on Monday. The business has a 50-day moving average of $167.30 and a two-hundred day moving average of $169.42. The firm has a market capitalization of $393.91 billion, a PE ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45. 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 Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’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 completion of the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,097 shares of company stock worth $25,635,076. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. 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 report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.