Garrison Asset Management LLC Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Garrison Asset Management LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,658 shares of the company’s stock after selling 391 shares during the quarter. Procter & Gamble accounts for approximately 1.8% of Garrison Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Garrison Asset Management LLC’s holdings in Procter & Gamble were worth $3,174,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PG. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $33,000. Mendota Financial Group LLC lifted its position in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after purchasing an additional 281 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus boosted their target price 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. 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 report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, Jefferies Financial Group increased their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.76.

Procter & Gamble Stock Up 1.5 %

PG stock traded up $2.40 during trading on Monday, hitting $160.54. 8,685,943 shares of the company’s stock were exchanged, compared to its average volume of 6,929,340. The business has a 50-day moving average price of $159.14 and a two-hundred day moving average price of $153.02. The stock has a market capitalization of $377.75 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.51%. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock worth $43,187,745 over the last 90 days. 0.17% of the stock is owned by insiders.

Procter & Gamble Profile

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.