The Procter & Gamble Company (NYSE:PG) Position Lessened by Howe & Rusling Inc.

Howe & Rusling Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 4,357 shares of the company’s stock after selling 148 shares during the period. Howe & Rusling Inc.’s holdings in Procter & Gamble were worth $635,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $3,752,321,000. Morgan Stanley raised its stake in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after acquiring an additional 4,959,527 shares during the last quarter. Fisher Asset Management LLC raised its position in Procter & Gamble by 742.9% in the 2nd quarter. Fisher Asset Management LLC now owns 4,862,949 shares of the company’s stock worth $737,904,000 after purchasing an additional 4,285,986 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Procter & Gamble in the 2nd quarter worth approximately $685,677,000. 63.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $153.47, for a total value of $3,017,373.67. Following the sale, the chief executive officer now directly owns 24,438 shares of the company’s stock, valued at approximately $3,750,499.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 24,438 shares in the company, valued at $3,750,499.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,658 shares of company stock valued at $42,921,732. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PG shares. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Jefferies Financial Group started coverage on shares of Procter & Gamble in a research report on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Barclays lifted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $167.06.

View Our Latest Report on Procter & Gamble

Procter & Gamble Stock Down 0.7 %

NYSE:PG traded down $1.07 on Friday, hitting $157.57. 1,097,793 shares of the company’s stock were exchanged, compared to its average volume of 8,011,223. The firm has a 50-day moving average price of $149.95 and a 200-day moving average price of $150.87. 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 Procter & Gamble Company has a 52 week low of $135.83 and a 52 week high of $159.83. The company has a market cap of $370.77 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

About Procter & Gamble

(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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