Asset Advisors Investment Management LLC Sells 340 Shares of The Procter & Gamble Company (NYSE:PG)

Asset Advisors Investment Management LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,547 shares of the company’s stock after selling 340 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Procter & Gamble were worth $8,474,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mainstay Capital Management LLC ADV lifted its position in shares of Procter & Gamble by 3.0% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 14,945 shares of the company’s stock valued at $2,505,000 after acquiring an additional 435 shares during the period. Birchcreek Wealth Management LLC increased its stake in Procter & Gamble by 5.0% in the fourth quarter. Birchcreek Wealth Management LLC now owns 11,106 shares of the company’s stock valued at $1,862,000 after purchasing an additional 530 shares in the last quarter. Partners Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $1,004,000. Black Diamond Financial LLC boosted its position in shares of Procter & Gamble by 74.8% during the 4th quarter. Black Diamond Financial LLC now owns 6,161 shares of the company’s stock worth $1,033,000 after purchasing an additional 2,637 shares in the last quarter. Finally, BCGM Wealth Management LLC grew its stake in shares of Procter & Gamble by 29.4% in the 4th quarter. BCGM Wealth Management LLC now owns 2,793 shares of the company’s stock valued at $468,000 after buying an additional 634 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.8 %

PG opened at $170.17 on Monday. 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 one year low of $153.52 and a one year high of $180.43. The firm has a market capitalization of $399.02 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The company has a fifty day moving average price of $166.04 and a 200-day moving average price of $169.45.

Procter & Gamble (NYSE:PG) last released its quarterly 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

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.