Beverly Hills Private Wealth LLC Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Beverly Hills Private Wealth LLC cut its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,030 shares of the company’s stock after selling 71 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Procter & Gamble were worth $588,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Your Advocates Ltd. LLP raised its stake in shares of Procter & Gamble by 632.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after acquiring an additional 158 shares during the period. Wunderlich Capital Managemnt purchased a new stake in Procter & Gamble during the 2nd quarter worth $40,000. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the 2nd quarter worth $50,000. CGC Financial Services LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth $55,000. Finally, VitalStone Financial LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth $60,000. 63.43% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.6 %

Shares of PG stock traded down $0.99 during trading hours on Thursday, reaching $158.13. 1,248,187 shares of the stock traded hands, compared to its average volume of 8,088,801. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $159.83. The business has a fifty day moving average price of $149.84 and a 200 day moving average price of $150.82. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $372.08 billion, a PE ratio of 26.51, a PEG ratio of 3.24 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 62.98%.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $153.47, for a total value of $1,009,065.25. Following the completion of the transaction, the chief executive officer now owns 5,620 shares in the company, valued at approximately $862,501.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders sold 278,658 shares of company stock valued at $42,921,732 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PG shares. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. DZ Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a report on Friday, October 20th. Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, UBS Group raised their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $167.06.

View Our Latest Analysis on PG

Procter & Gamble 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.

See Also

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

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