Gabelli Funds LLC Sells 500 Shares of The Procter & Gamble Company (NYSE:PG)

Gabelli Funds LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,500 shares of the company’s stock after selling 500 shares during the period. Gabelli Funds LLC’s holdings in Procter & Gamble were worth $14,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Davis Investment Partners LLC raised its position in shares of Procter & Gamble by 4.1% during the second quarter. Davis Investment Partners LLC now owns 1,658 shares of the company’s stock worth $250,000 after purchasing an additional 66 shares during the period. LWM Advisory Services LLC raised its position in shares of Procter & Gamble by 2.2% during the second quarter. LWM Advisory Services LLC now owns 3,018 shares of the company’s stock worth $457,000 after purchasing an additional 66 shares during the period. Proquility Private Wealth Partners LLC raised its position in shares of Procter & Gamble by 1.1% during the second quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock worth $912,000 after purchasing an additional 66 shares during the period. KFA Private Wealth Group LLC raised its position in shares of Procter & Gamble by 2.2% during the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock worth $445,000 after purchasing an additional 67 shares during the period. Finally, Hilton Capital Management LLC grew its holdings in shares of Procter & Gamble by 4.2% during the second quarter. Hilton Capital Management LLC now owns 1,716 shares of the company’s stock valued at $260,000 after buying an additional 69 shares in the last quarter. Institutional investors own 63.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PG shares. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Stifel Nicolaus lifted their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Sanford C. Bernstein lowered their target price on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating on the stock in a research note on Thursday, October 12th. Finally, Raymond James boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.06.

Check Out Our Latest Analysis on PG

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.66 during trading hours on Wednesday, hitting $159.62. 431,276 shares of the company’s stock were exchanged, compared to its average volume of 8,094,286. The company’s 50-day moving average price is $149.68 and its 200-day moving average price is $150.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The stock has a market capitalization of $375.59 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.23 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $159.68.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same period in the prior year, the firm posted $1.59 EPS. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.45 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 Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.9407 per share. The ex-dividend date is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insider Buying and Selling

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the transaction, the chief operating officer now directly owns 9,623 shares in the company, valued at approximately $1,490,602.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders have sold a total of 278,658 shares of company stock worth $42,921,732 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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

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