The Procter & Gamble Company (NYSE:PG) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,662 shares of the company’s stock after selling 359 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Procter & Gamble were worth $21,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Your Advocates Ltd. LLP lifted its position in shares of Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after purchasing an additional 158 shares during the last quarter. Wunderlich Capital Managemnt acquired a new position in Procter & Gamble in the second quarter valued at $40,000. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the second quarter valued at $50,000. CGC Financial Services LLC acquired a new position in Procter & Gamble in the second quarter valued at $55,000. Finally, VitalStone Financial LLC acquired a new position in Procter & Gamble in the second quarter valued at $60,000. Institutional investors and hedge funds own 63.43% of the company’s stock.

Insider Activity

In other news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now directly owns 9,623 shares in the company, valued at $1,490,602.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO R. Alexandra Keith sold 19,661 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the sale, the chief executive officer now owns 24,438 shares in the company, valued at $3,750,499.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 31,275 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. Insiders have sold 278,658 shares of company stock worth $42,921,732 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on PG shares. Raymond James upped their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Finally, Sanford C. Bernstein decreased their target price on shares of Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating for the company in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.06.

Get Our Latest Stock Analysis on Procter & Gamble

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.65 during mid-day trading on Wednesday, reaching $159.61. The company had a trading volume of 2,931,049 shares, compared to its average volume of 8,187,260. The Procter & Gamble Company has a 1 year low of $135.83 and a 1 year high of $159.83. 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 company has a market capitalization of $375.57 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.23 and a beta of 0.45. The stock’s 50-day simple moving average is $149.68 and its 200-day simple moving average is $150.76.

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, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same period last year, the company posted $1.59 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a $0.9407 dividend. The ex-dividend date is Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

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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