Weatherly Asset Management L. P. Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Weatherly Asset Management L. P. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,019 shares of the company’s stock after selling 2,216 shares during the quarter. Procter & Gamble accounts for 1.1% of Weatherly Asset Management L. P.’s holdings, making the stock its 22nd largest holding. Weatherly Asset Management L. P.’s holdings in Procter & Gamble were worth $8,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $30,000. Belmont Capital LLC increased its holdings in Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after buying an additional 110 shares during the last quarter. Align Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $50,000. Horizons Wealth Management purchased a new stake in Procter & Gamble during the 2nd quarter worth about $52,000. Finally, Newfound Research LLC increased its holdings in shares of Procter & Gamble by 79.4% in the 3rd quarter. Newfound Research LLC now owns 601 shares of the company’s stock valued at $76,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. Citigroup assumed coverage on Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target for the company. StockNews.com started coverage on shares of Procter & Gamble in a research report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Stifel Nicolaus raised their price objective on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Finally, Barclays reduced their target price on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.67.

Procter & Gamble Trading Up 0.0 %

NYSE:PG opened at $142.93 on Friday. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $141.73 and its 200-day simple moving average is $140.64. The firm has a market cap of $337.19 billion, a P/E ratio of 25.08, a PEG ratio of 3.99 and a beta of 0.40.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the previous year, the company posted $1.66 EPS. Procter & Gamble’s revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.56%. Procter & Gamble’s payout ratio is currently 64.04%.

Procter & Gamble Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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